Why was the national industrial recovery act created?

The National Industrial Recovery Act (NIRA), enacted in 1933 during the Great Depression, was designed to stimulate economic recovery by promoting fair competition and improving labor conditions. It aimed to stabilize prices, increase employment, and support industrial growth by allowing industries to establish codes of fair practices. Additionally, the act sought to empower workers by recognizing their right to organize and bargain collectively. Ultimately, NIRA was part of President Franklin D. Roosevelt's New Deal initiatives to revitalize the struggling economy.