On 92 years ago today, June 16, 1933 (May 24, 1933 in the lunar calendar), Roosevelt signed the National Economic Recovery Act of the United States. Roosevelt On June 16, 1933, U.S. President Roosevelt signed the National Economic Recovery Act and made it law. He called the bill the most important bill Congress has passed and would allow the government to manage industry in an effort to get out of the current recession. Under the bill, which will be implemented by the National Recovery Agency (NRA), the federal government will require labor and management to work together to set minimum wages, shorten working hours and establish production rules. The bill further provides federal funding for public works programs. Roosevelt said in a statement that the National Recovery Agency was to "put people back to work, get them to buy more agricultural and industrial products, and bring our cause back to life." He said he hoped that the millions of people who are now unemployed "will find jobs before winter." At the same time, Roosevelt also said that the public works provisions in the new bill "will begin tomorrow." It has raised $400 million to build roads and $200 million to build naval ships. New York held a march to celebrate the work of the National Recovery Executive Agency (NRA), implementing a public works program from road construction to health services, establishing the Engineering Development Administration (WPA) to help create jobs for the estimated 8 million to 10 million unemployed people.