What are lasting impacts of the New Deal?

Answer 1

There are four possible answers:

*The reduction of the national debt

*Control of stock prices by the Federal Government

*Joint effort of business and labor to strengthen the Presidency

*Assumption by the Federal Government of greater responsibility for the nation's well-being

Corrections

I allowed the above answers -- generally incorrect though they are -- to remain because they represent some distressingly common misconceptions about the New Deal. Here are some better answers...

"The reduction of the national debt." Hogwash. When Franklin Roosevelt took office in 1933, the debt as a percentage of GDP was at around 33%. Within a year, the New Deal had driven it to 41% of GDP, and it remained there until WW2.

"Control of stock prices by the Federal Government." Nothing in the New Deal controlled stock prices. By the time FDR took office in 1933, the Stock Market had largely recovered from its 1929 catastrophe. The New Deal was aimed more at relieving unemployment and providing relief for the poor and aged.

"Joint effort of business and labor to strengthen the Presidency." More hogwash. The New Deal was an effort by the President of the United States and his administration to dramatically strengthen the presidency. FDR was a disciple of Wilson, a "progressive" who believed that a powerful executive branch -- made up of wise administrators -- should govern the unwashed masses. In many instances, FDR was successful in beefing up the power of the Executive Branch, and that is without question his single most significant legacy.

"Assumption by the Federal Government of greater responsibility for the nation's well-being." Stated another way, we're talking about the assumption by the national (not federal) government of tremendous powers over the nation's well-being, powers that can be -- and often are -- used to the detriment of the nation's citizens, and to the benefit of the national government itself. This aspect of the New Deal legacy goes back to the previous point.

Correction of Corrections

Although that could be considered a correct answer, it isn't.

1.FDR turned to Deficit spending under the pressure of many politicians although he despised the idea.

2.When talking about stock prices, there is no real explanation of what the US government did. The SEC, created in 1934, continues to monitor the stock market and enforce laws regarding the sale of stocks and bonds. The FDIC, created in 1933 by the Glass-Steagall Act, shored up the banking system by reassuring individual depositors that their savings are protected against loss.

3.The third point of the original answer is not true at all. The National Labor Relations Board (NLRB) was established to take care of the relations between laborers and big business.

4.Now, although the government did have some control over the nation's well-being, it did not assume full responsibility. The TVA (Tennessee Valley Authority), helped give jobs, and repaired the environment. Also, the CCC and the AAA were established, and parity prices, a price intended to keep farmers' income steady were set.

WITH MAYONNAISE

Answer 2

Perhaps the greatest accomplishment of the New Deal was to ease the economic hardship faced by many during the Great Depression. While not being able to end the Depression, the New Deal did preserve the people’s confidence in America’s institutions and government. The relief measures of the New Deal were considered a success. Not everyone supported the New Deal. As a formula for economic recovery, the New Deal failed. Many businessmen and financiers did not support the economic measures of the New Deal. With the recession of 1937, many business leaders and politicians claimed that FDR’s policies were a failure and the attempt to maintain prosperity during peacetime was not successful at all. Many Americans however in both rural and urban areas of the nation did supported the efforts of the New Deal. FDR’s Fireside Chats provided confidence and reassurance to many. Rural electrification, Social Security, insurance of bank accounts, protection for labor unions, and federal controls over the economy gave many a sense of security in the future and in the government. While there were some radical movements during the Great Depression, the faith Americans had in their system of government did not falter. Many, however, were opposed to the growth of the federal government and the corresponding cost to maintain those new governmental agencies. From FDR’s New Deal to the present, the federal government has continued to grow, assume an active role in the daily lives of citizens, and to cost more in the form of taxes, and to spend more on domestic and foreign affairs. Many politicians, economists, and students of government did not favor such increases.

Answer 3

The New Deal had lasting effects including the relationship change between the federal government and Americans. The increasing power of the President and lessened power of Congress is the most profound and long-lasting effect of the New Deal.

Answer 4

many government programs started in the 1930's continue in the 1990's

Answer 5

Yung hawg boy...........aka j.g.

Answer 6

Some of the lasting impacts of the New Deal are Social Security, the Minimum Wage, federalized highways, and a large defense budget.

Answer 7

social security