Question
Walton and Rockoff on page 444 write: One of the most dramatic advances in government intervention came with the National Industrial Recovery Act. Its chief
Walton and Rockoff on page 444 write: "One of the most dramatic advances in government intervention came with the National Industrial Recovery Act. Its chief purposes were to raise prices and wages, spread work by reducing hours, and prevent price cutting by competitors trying to maintain volume." What the National Recovery Act represented was a radical shift in the American economy from being market-based to being more managed by the government. For more information about this Act, read: https://en.wikipedia.org/wiki/National_Recovery_Administration Did the National Industrial Recovery Act achieve its goals? Comparing the National Industrial Recovery Act to other reforms that were attempted (as listed in the chapter), was the act effective and did it help reduce the severity of the Great Depression? Did the Supreme Court prevent the Great Depression from being resolved?
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