Final answer:
The National Recovery Administration (NRA) was established as part of the National Industrial Recovery Act (NIRA) initiated by President Franklin D. Roosevelt to regulate wages, prices, and production through codes of fair practice.
Step-by-step explanation:
The National Recovery Administration (NRA) was established as part of the National Industrial Recovery Act (NIRA) initiated by President Franklin D. Roosevelt. The NRA aimed to create trade unions representing various industries that would regulate wages, prices, and production through codes of fair practice. However, it was deemed unconstitutional by the Supreme Court in 1935.