Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • National Industrial Recovery Act

Etymologies

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Examples

  • The NIRA is founded upon the realization that the American industrial machine is based upon mass production; that mass production is dependent upon mass consumption and that there cannot be mass consumption so long as a large part of the population is living on a mere subsistence basis.

    Economic Recovery in Great Britain and the United States

  • Hence, the success of the NIRA is dependent upon increased purchasing power and increased consumption.

    Economic Recovery in Great Britain and the United States

  • At the center of the NIRA was the National Recovery Administration (NRA), headed by former General

    Conservapedia - Recent changes [en]

  • Johnson brought in Donald Richberg, a progressive labor lawyer who helped craft the NIRA, to be the general counsel of the NRA.

    A Renegade History of the United States

  • One of those businessmen was Gerard Swope, the chairman of General Electric, who also wrote the first draft of the NIRA.

    A Renegade History of the United States

  • When he heard that the National Industrial Recovery Act NIRA of 1933 gave the president unchecked power over much of the national economy, Mussolini exclaimed, “Behold a dictator!”

    A Renegade History of the United States

  • Many of the men who conceived of the NIRA were opposed to free markets, disdainful of democracy, and committed to a centrally controlled economy.

    A Renegade History of the United States

  • In a stunning reversal of laissez-faire and a repudiation of the American devotion to free and competitive markets, the NIRA and the National Recovery Administration NRA, which put the law into practice, suspended all federal antitrust laws and created cartels of businesses in every major industry that—instead of market forces—decided how much products would cost, how much workers would make, and how much companies would produce.

    A Renegade History of the United States

  • As the legal historian James Q. Whitman puts it, “The two leaders of the NIRA were marked antiparliamentarians; the true creatures of the crisis atmosphere of 1932–33.”

    A Renegade History of the United States

  • However, Gauti Eggertsson is basically arguing that NIRA policies will not work unless certain “emergency” conditions apply such as deflation and where a “sticky” price model will work.

    Matthew Yglesias » Bartlett: New Deal Failed Because It Wasn’t Big Enough

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