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Industrial Recovery Act Research Paper

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FDR, an aristocrat who never saw poverty first-hand as LBJ did make the National Industrial Recovery Act the center point of his New Deal programs for relief, recovery, and reform. It was the first comprehensive national attempt to set production levels, prices, minimum wages, maximum hours, and other conditions of employment. Although the NIRA was ruled unconstitutional, many of the reform laws remain in effect today: National Labor Relations Act [1935] and Fair Labor Standards Act [1938]. Americans gained a social safety net in the Social Security Act [1935], albeit well behind France [1848] and Germany [1883]. Through the Banking Act [1933], creating the FDIC, bank deposits became insured. The Securities Act [1933] and Securities Exchange

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