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The NIRA legislation, through codes of fair competition, was designed to enable industries to cartelize their depression-ridden markets.
It also found that NIRA's "codes of fair practice" went beyond the regulation of interstate commerce in attempting to control intrastate activity.
Under the NIRA, companies were required to write industrywide codes of fair competition that effectively fixed wages and prices, established production quotas, and placed restrictions on the entry of other companies into the alliances.
1937 Securities Regulations Adopted WASHINGTON — Presaging a possible return to voluntary codes of fair practice similar to those in operation during the life of the N.I.R.A., the Investment Bankers Conferencee today [April 16] announced the adoption of important phases of self-regulation of the sale of over-the-counter securities.
Many industries passed codes of fair competition under the NIRA, and industry prices and wages jumped following government approval of these codes.
The NRA allowed industries to create "codes of fair competition," intended to reduce destructive competition and to help workers by setting minimum wages and maximum weekly hours.
Similar(48)
The Press Council of India has set up a committee to investigate violations of the journalistic code of fair and objective reporting.
So Bonds followed McGwire in violating a basic code of fair play in sport -- no artificial enhancements of your ability to play the game.
The code of fair practice adopted by the group is contained in sixteen rules, defining and regulating the conduct of the business.
In 1934, Roosevelt's Justice Department prosecuted them under the National Recovery Administration's Code of Fair Competition for the Live Poultry Industry of the Metropolitan Area in and About the City of New York, "a lengthy and forbidding document".
Furthermore, the Joint Standards has informed the development of many other standards such as ETS Standards for Quality and Fairness2002 JCTP,), and Code of Fair Testing Practice in Education2004).
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