Final answer:
The NRA sought to assist industry by regulating wages, prices, and production through trade unions and codes. Labor unions were supported through the establishment of minimum wages, maximum work hours, and the right to collective bargaining. Ultimately, the NRA was declared unconstitutional in 1935.
Step-by-step explanation:
The National Recovery Administration (NRA) was part of the New Deal, with the mission to assist both industry and labor unions during the Great Depression. For industries, the NRA worked to establish trade unions and create industry-specific codes aiming to regulate wages, prices, and production levels. The intention was to promote economic order and curb overproduction that led to deflated prices and wages.
Labor unions were supported in the sense that workers' rights to organize and engage in collective bargaining were recognized within these codes. They sought to protect workers by instituting minimum wages and maximum work hours to ensure fair compensation and conditions. Despite its objectives, the NRA faced significant challenges, mainly the accusation that it favored large firms and reduced competition, leading to increased prices at the expense of economic recovery.
Eventually, the NRA's methods and influence were questioned, resulting in it being declared unconstitutional by the US Supreme Court in 1935.