The National Industrial Recovery Act allowed the president of the United States at the time, Franklin D. Roosevelt, to regulate industry in an attempt to alleviate the financial effects of the Great Depression and stimulate economic growth. Its secondary purpose was the establishment of the U.S. Public Works Administration.
Enacted in 1933, the National Industrial Recovery Act was set to expire in 1935. However, prior to its expiration, the act was declared unconstitutional and was overturned by the U.S. Supreme Court. Many historians today consider the National Industrial Recovery Act a policy failure due to the way it supported harmful business monopolies and provided no support or method for handling labor unrest.