本篇文章主要分析大萧条导致的经济问题，在大萧条开始的最初几个月里，人们普遍认为，大萧条背后的真正原因是导致许多企业倒闭的各种企业之间的激烈竞争。为了解决这一问题，罗斯福政府试图通过《1933年国家工业复兴法》的规定来缓解残酷的竞争。国家复兴管理局(NRA)就是由这项法案产生的。为了摆脱残酷的竞争，全国步枪协会被授权将工业企业、工会和政府组织在一起。各方在制定最低工资标准、公平竞争准则和工人每周的最高工作时间方面相互帮助，最后确定产品销售的最高价格(Eichengreen, Barry and Timothy, Hatton, 2012)。为了消除竞争，NRA在定价方面做出了最大的努力。与自由市场均衡的价格相比，固定价格更高。因此，1935年，最高法院一致宣布NIRA法案违宪。本篇阿得莱德论文代写文章由澳洲论文人EducationRen教育网整理，供大家参考阅读。
It was general belief during the early months of the starting of the Great Depression that the real cause behind the depression is the cut-throat competition among various businesses that led to the failure of the many businesses. For dealing with the situation the administration of Roosevelt made an attempt of mitigating the cut-throat competition through the provisions of the “National Industrial Recovery Act of 1933”. The National Recovery Administration (NRA) was spawned by this act. For getting rid of the cut throat competition the NRA was empowered for bringing the industrial corporations, labor unions and the government together. All the concerned parties helped each other in the setting of the minimum wages, codes of fair competition and maximum working hours for the workers per week and lastly fixing the maximum prices at which products could be sold (Eichengreen, Barry and Timothy, Hatton, 2012). Best efforts were made by NRA for fixing prices with an aim of eliminating the competition. The prices fixed were higher in comparison to the prices of the free-market equilibrium. Therefore, in 1935, the NIRA act was declared unconstitutional unanimously by the Supreme Court.
The major problem in any economy is that they have to maintain a balance between the supply of the goods and the demands of the goods at a certain price which is acceptable to both the sellers and the buyers and that will be known as the “equilibrium price of the law of supply and demand” (Berton, Pierre, 2012) . During the period of the Great Depression, the production of goods in the country was much higher than its consumption by the consumers due to the less purchasing power. In a relatively free economy, the production by the sellers will not be much instead they would produce only that much that would be easily consumed and purchased by the customers. The producers are not allowed for price reduction by the regulations of the government for free-market, and maintaining equilibrium prices.In this case the number of goods produced by the sellers and purchased by the customers will be much less in comparison to the market prices. The government made efforts through its regulations for reducing the amount of wealth that is produced by the economy. Due to all these reasons, the Great Depression lasted for so long and it would have been no surprise if it would have lasted beyond 1935 and even the NEA was also declared unconstitutional.