Nra Of The 1920's

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The United States was thriving in the early 1920’s. Most of, if not all of the United States’ success was attributed to its growing industrial sector. The development and success of industries such as textile factories, oil, steel, and motor companies was widely spread throughout America. The United States foundation was built based on principles such as liberty, capitalism, and the opportunity to make something out of nothing. Which is exactly what came from the Roaring Twenty’s. The American economy grew by a staggering seven percent, and the loans credited to consumers was responsible for this. Once businesses discovered they could boost their margins exponentially if they gave out credit to customers, the spending began. America looked …show more content…

The NRA focused early on making sure the employer to employee relationship would be much better this time. In a remarkably short time, the NRA won agreements from almost every major industry in the nation. According to some conservative economists, the NRA increased the cost of doing business by forty percent. The NRA was affective because it accomplished its main objectives, to eliminate cut-throat competition and create codes for fair-practice. The NRA was established in 1932, and by 1933 over 500 industries had signed codes covering 22 million workers. In New York City, burlesque show strippers agreed on a code limiting the number of times that they would undress each day. By the end of the summer, the nation's ten largest industries had been won over, as well as hundreds of smaller businesses. All across the land businesses displayed the “Blue Eagle” the insignia of the NRA, in their windows. Thousands participated in public rallies and spectacular torchlight parades. Roosevelt had successfully given the people of the United States hope for the future. For labor, the NRA was a mixed blessing. On the positive side, the codes abolished child labor and established the precedent of federal regulation of minimum wages and maximum hours. In addition, the NRA boosted the labor movement by drawing large numbers of unskilled workers into unions. On the negative side, however, the NRA codes set wages in most industries well below what labor demanded, and large occupational groups, such as farm workers, fell outside the codes’ coverage. The NRA’s main objective was to increase industrialization and protect workers and consumers from fluctuating prices due to cut throat business practices via Price Controls.

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