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The most far-reaching consequence of the New Deal was that it redistributed the nation's wealth among the various social classes?
Wiki User
∙ 14y ago
No. The most far reaching aspect of the new deal is that it slowed our growth out of a depression and created a further separation of classes by creating a non working class. The idea that you no longer had to work to survive created a class of people that believed they were entitled to rights not actually given them. As a result we have spirling Government entitlements to every conceivable group. We still have a working class of people that produce and pay taxes. We call these people upper middle class now. We also have a lower class that tries to "new deal" their "rights" to the working classes money. The 50% of us that work pay 97% of the Federal tax that supports the ruling class and the welfare class.
Wiki User
∙ 14y ago
The passing of the New Deal had a widespread impact on society, but it is important to note that it did not fully redistribute the nation's wealth. Instead, the New Deal implemented policies that aimed to alleviate the suffering caused by the Great Depression and provide economic relief to those most affected by it. These policies included the creation of jobs, social security, and regulations on banks and the Stock Market. While it did redistribute some wealth and provide assistance to the working class, wealth inequality remained and the New Deal did not fundamentally alter the capitalist structure of the United States.
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