Which act aimed to regulate industry and promote fair competition during the New Deal?

Which act aimed to regulate industry and promote fair competition during the New Deal?

• A. Neutrality Act
• B. National Industrial Recovery Act
• C. Wagner Act
• D. Social Security Act

Answer: (B)

During the New Deal, the government aimed to steady the economy by shaping how industries operated. The National Industrial Recovery Act created the National Recovery Administration to draft codes that set prices, established minimum wages, maximum hours, and rules against unfair competition. By coordinating across businesses within each industry, the act sought to raise wages, stabilize production, and restore consumer purchasing power, helping to end destructive price wars. The other options address different goals: neutrality laws kept the U.S. out of foreign wars; the Wagner Act protects union rights and collective bargaining; the Social Security Act provides pensions and unemployment insurance. The one that directly targets regulating industry and promoting fair competition is the National Industrial Recovery Act.

During the New Deal, the government aimed to steady the economy by shaping how industries operated. The National Industrial Recovery Act created the National Recovery Administration to draft codes that set prices, established minimum wages, maximum hours, and rules against unfair competition. By coordinating across businesses within each industry, the act sought to raise wages, stabilize production, and restore consumer purchasing power, helping to end destructive price wars. The other options address different goals: neutrality laws kept the U.S. out of foreign wars; the Wagner Act protects union rights and collective bargaining; the Social Security Act provides pensions and unemployment insurance. The one that directly targets regulating industry and promoting fair competition is the National Industrial Recovery Act.