Another example of FDR's controversial policies was the National Industrial Recovery Act (NIRA), which established the National Recovery Administration (NRA). The NRA was responsible for regulating industry, setting wage and price controls, and fostering collective bargaining. While FDR's intentions may have been to stabilize the economy and protect workers, the NRA ended up stifling competition and hindering economic growth. Smaller businesses struggled to comply with the new regulations, leading to reduced innovation and more market concentration. This not only went against the principles of a free market economy but also failed to provide the intended relief to the American people during the Great Depression.
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