National Recovery Administration
The National Recovery Administration was a bureaucracy established by US President Franklin D. Roosevelt as part of the New Deal to combat the Great Depression . The National Recovery Administration should introduce elements of central economic planning into the liberal market regime. Roosevelt wanted to correct the course of strict budget consolidation under Herbert Hoover , who, according to Roosevelt, had exacerbated mass unemployment. The NRA was created by the National Industrial Recovery Act (NIRA). According to their basic concept, on the one hand the admissibility of cartels and monopolies should guarantee the corporate sector a "fair" and non-destructive competition, on the other hand minimum wages, the prohibition of child labor and similar measures should improve the situation of the employed and the unemployed. Accordingly, the law was divided into two main parts.
The law, limited to two years, would have expired in June 1935, but was declared unconstitutional by a unanimous decision by the US Supreme Court at the end of May 1935 . In particular, the extensive bureaucratisation associated with the regulatory activities of the NRA had aroused political displeasure in large circles. Paul Bang described the NRA as a "planned economy water head apparatus".
literature
- Donald A. Brand: Corporatism and the Rule of Law. A Study of the National Recovery Administration. Cornell Univ. Press, Ithaca 1988, ISBN 0-8014-2169-1 .
- Robert F. Himmelberg: The Origins of the National Recovery Administration. Fordham Univ. Press, New York 1976, ISBN 0-8232-0985-7 .
Web links
Individual evidence
- ↑ Paul Bang: Amerika in: Weiße Blätter , February 1935 edition.