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The National Industrial Recovery Act is passed in the United States, allowing businesses to avoid antitrust prosecution if they establish voluntary wage, price, and working condition regulations on an industry-wide basis.
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National Industrial Recovery Act of 1933
US labor law and consumer law
The National Industrial Recovery Act of 1933 (NIRA) was a US labor law and consumer law passed by the 73rd US Congress to authorize the president to regulate industry for fair wages and prices that would stimulate economic recovery. It also established a national public works…Source: Wikipedia (CC BY-SA)
Competition law
Law maintaining market competition
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law, anti-monopoly law, and trade…Source: Wikipedia (CC BY-SA)
June 16
Day of the year
June 16 is the 167th day of the year in the Gregorian calendar; 198 days remain until the end of the year.Source: Wikipedia (CC BY-SA)