Rare c. 1933 NRA Banner with grommets - Big: 31” x 59” - Very Good Condition

Description

Rare c. 1933 NRA Banner with grommets - Big: 31” x 59” - Very Good Condition
This rare banner was found where it had rested for over 70 years, folded inside a nailed-shut cedar chest along with books and other fabrics. It's a scarce relic of a short lived government program designed to lift America out of the Great Depression of the 1930s.
The large banner features bold graphic design and hand-cut stencil letters. Symbolizing the power of industry, the American eagle holds a gear in its right talon, and bolts of lightning in its left.  Constructed of three sections woven cotton, the banner is machine stitched together with flat felled seams and finished with folded seam edges. The grommet edge is double thickness and hemmed. There are no broken stitches or torn seams.
Apparently this has never been washed and the colors are strong with no fading or color bleed. As shown in my photos, there are some light stains and just one small hole directly in the center where the folds intersected. The two grommets are without rust or damage.
WHAT IS IT?
The National Recovery Administration was enacted during President Franklin Roosevelt’s first 100 days in office as the centerpiece of his “New Deal” programs. It regulated pricing, labor, working conditions, fair trade practices and union protection, among other things. All companies that accepted President Franklin D. Roosevelt 's Re-employment Agreement or a special Code of Fair Competition were permitted to display this announcement, "NRA Member. We Do Our Part."
Consumers were exhorted to buy only from companies displaying the Blue Eagle banner, and, although support began strong, problems emerged and the program lasted less than two years. Passed into law on June 16, 1933, it was ruled unconstitutional by the Supreme Court on May 27, 1935, and further use of the eagle emblem was prohibited.