* Agency directed by Hugh Johnson, it was an attempt to guarantee reasonable profits for business and fair wages and hours for labor (minimum wage/maximum hours). It helped each industry (ex. steel, oil) set codes for wages, hours of work, production levels and prices for goods.* Part of the New Deal dealing with the industrial sector to create fair competition* Gave workers the right to organize and bargain collectively.* This program had limited success for 2 years before the Supreme Court said it was unconstitutional in Schechter v. U.S. in 1935* key measure in 1933 to combine immediate relief and long-term reform

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