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Why Did the Roosevelt Administration Think Cartels, Higher Wages, and Shorter Workweeks Would Promote Recovery from the Great Depression?

The article examines three aspect of the U.S. National Industrial Recovery Act (NIRA) of 1933. It attempts to justify why did the Roosevelt Administration think that collusion, high wages, and shorter work hours would promote recovery from the Great Depression. It notes that the precursors to the NI...

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Publicado en:Independent Review Vol. 23; no. 1; pp. 91 - 108
Autores principales: BEAUDREAU, BERNARD C., TAYLOR, JASON E.
Formato: Artículo
Publicado: Independent Institute Summer2018
Materias:
Wages
Working hours
Great Depression, 1929-1939
National Industrial Recovery Act of 1933
Collusion
United States politics & government, 1929-1933
Acceso en línea:Ver este registro en EBSCOhost
Sumario:The article examines three aspect of the U.S. National Industrial Recovery Act (NIRA) of 1933. It attempts to justify why did the Roosevelt Administration think that collusion, high wages, and shorter work hours would promote recovery from the Great Depression. It notes that the precursors to the NIRA as well as the evolution of the economic thinking on the issue led to the passage of NIRA on June 16,1933.