THE PROVISIONS OF THE ACT
The National Industrial Recovery Act is made up of three titles. The heading of Title I is Industrial Recovery, of Title II Public Works and Construction Projects, of Title III Amendments to Emergency Relief and Construction Act and Miscellaneous Provisions. The contents of Title III need no consideration in a discussion of the law. Title II authorizes an appropriation of 3.3 billion dollars for the financing of public works. Although strongly supplemental to the purposes of Title I it may be regarded as a separate piece of legislation and will be treated here only in an incidental way. Title I only will be in the foreground of attention.
The law opens with a declaration of policy. It is declared that there exists "a national emergency productive of widespread unemployment and disorganization of industry, which burdens interstate and foreign commerce, affects the public welfare, and undermines the standards of living of the American people. . . ." It is then declared to be the policy of Congress (a) to remove obstructions to the free flow of interstate and foreign commerce which tend to diminish its amount (the constitutional basis of the Act); (b) to promote the organization of industry for the purpose of cooperative action among trade groups; (c) to induce and maintain united action of labor and management under adequate government sanction and supervision; (d) to eliminate unfair competitive practices; (e) to