Word: nra
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...NRA Hall of Fame...
...better. While the major recovery programs like the NRA and AAA have faded into history, many of Roosevelt's reforms-Social Security, stock market regulation, minimum wage, insured bank deposits-are now taken for granted...
...NRA badly needed a human whirlwind like Johnson. Roosevelt described the act, when he signed it in June, as "the most important and far-reaching legislation ever enacted by the American Congress," but it was actually an ill-considered amalgam of two conflicting and somewhat unrealistic strategies. To revive production, which had dropped by almost 50% since 1929, the NRA invited all employers within a given industry to ignore the antitrust laws and draw up their own "codes of fair competition." That implicitly permitted not only production curbs but legalized price fixing. On the other hand, to stop the rapid...
...sheaf of lightning bolts, to be displayed by all employers who complied with the new codes. Then he called for a public boycott of anyone who refused. He asked for union volunteers to act as monitors. And Boy Scouts too. He even used Army Air Corps bombers to ship NRA banners and placards around the country. Said Johnson: "When every American housewife understands that the Blue Eagle on everything that she permits to come into her home is a symbol of its restoration to security, may God have mercy on the man or group of men who attempt to trifle...
...worked. Drafts of NRA codes began pouring in; there were 144 in July. In September, New York celebrated the NRA with the biggest parade in the city's history; some 250,000 marchers poured down Fifth Avenue to the strains of Happy Days Are Here Again. There were