Which bill created groups in different industries to write codes that were used to regulate production prices wages and working conditions?

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2026-04-07 03:45

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The National Industrial Recovery Act (NIRA), enacted in 1933 during the New Deal, created industry-specific groups known as "codes of fair competition." These codes were designed to regulate production prices, wages, and working conditions across various industries in an effort to stimulate economic recovery during the Great Depression. The act aimed to promote fair competition and improve labor conditions by allowing industries to collaborate on these regulations.

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