What Impact Did the National Industrial Recovery Act (NIRA) of 1933

question 124

Multiple Choice

What impact did the National Industrial Recovery Act (NIRA) of 1933 have on industrial output?

• A) Industrial output had been declining, but it stabilized during the months following passage of the NIRA.
• B) Industrial output increased sharply after the passage of the NIRA.
• C) Industrial output had begun to increase, but it fell sharply following the passage of the NIRA.
• D) Industrial output and employment declined during the months prior to passage of the NIRA, and the legislation was unable to stop the decline.

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Definitions:

Partnership Obligation

Legal responsibilities and duties that arise in a business partnership, including fiduciary duties and liabilities shared among partners.

Participated

Taking part or getting involved in an activity or event.

Knew About

Had awareness or knowledge of a fact, situation, or detail, often relevant in legal and decision-making contexts.

Agency Law

The area of law dealing with the actions of agents, who are authorized to act on behalf of others (principals) in legal or business transactions.