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National (Industrial) Recovery Act
The
National (Industrial) Recovery Act
of
1933
established codes of fair competition. Firms who voluntarily complied could display the
Blue Eagle[?]
. The law also created a
National Recovery Administration[?]
to promote cooperation among corporations. The law was overturned on
May 27
,
1935
when the
Supreme Court of the United States
announced its finding in
Schecter v. U.S.[?]
(sometimes called the
sick chicken
case). The Court stated that the Act invaded states authority, unreasonably stretched the
commerce clause[?]
, and gave legislative powers to code-makers in the
executive branch
.
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