Price Controls

In 1933 president Rooselvet As part of the "First New Deal," becuase by market instability and that government intervention was necessary to balance the interests of consumers. The NIRA, which created the NRA, declared that codes of fair competition should be developed through public hearings, and gave the Administration the power to develop voluntary agreements with industries to control price fixing mostly bi the oils companies. The price of food is going up every day and the price of oil. During a crisis like in the 1930s the president needs to step in to help the people.