Definition of corporation. 1a : a group of merchants or traders united in a trade guild (see guild 1)b : the municipal authorities of a town or city. 2 : a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession.
In his June 16, 1933 Statement on the National Industrial Recovery Act, President Roosevelt described the spirit of the NRA: On this idea, the first part of the NIRA proposes to our industry a great spontaneous cooperation to put millions of men back in their regular jobs this summer..
The National Recovery Administration (NRA) was the primary New Deal agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933. The goal was to eliminate cut-th â¦ roat competition by bringing industry, labor and government together to create codes of fair practices and set prices.The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write codes of fair competition..t was Franklin Roosevelt's New Deal attempt to end the depression, create a recovery by stimulating the industrial base, create new labor standards regarding the work week, hours and wages, eliminate competition, and create jobs.