How A 1933 U.S. Law Shaped India’s Financial Emergency Provision

In 1933, during a catastrophic global economic crisis, Franklin Roosevelt became the United States President. The Great Depression was battering the U.S. economy which was reeling under mass unemployment, poverty, homelessness and industrial stagnation. To mitigate the situation, Roosevelt signed the National Industrial Recovery Act of 1933 (NIRA). It gave the President extraordinary powers to […]