The legacy of the new deal Eliseo Lugo III

1. Discover how the New Deal reformed Labor Relations Today’s objectives: By the end of class, students will be able to: 1. Discover how the New Deal reformed Labor Relations 2. Find out how Social Security began 3. Identify the main arguments for and against the New Deal

Social security In 1935 FDR stated, “Those suffering hardship from no fault of their own have a right to call upon the government for aid.” FDR followed these words up by signing the Social Security Act in 1935 The Social Security Act included a pension for the retired. It guaranteed a pension to people who were retired In order to fund this pension, a payroll tax was instituted. A Payroll Tax is a tax that removes money directly from workers’ paychecks.

Labor reforms Congress passed the Labor Relations Act It later became known as the Wagner Act after the New York senator who sponsored it. The Wagner Act helped establish collective bargaining Collective bargaining is the right of a union to negotiate wages and benefits for all of its members. The AFL and CIO are created. These two organizations helped protect workers rights. AFL= American Federation of Labor CIO= Congress of Industrial Organizations

Pros and cons of the new deal It employed millions of jobless people Ended the banking crisis Reformed the Stock Market Improved Working Conditions Cons- Threatened individual freedom Gave too much power to the Federal Government Concerns over a massive increase in the national debt Reliance on deficit spending Deficit Spending is a situation in which the government spends more money than it receives in taxes. So….. What would officially end the Great Depression???????????

World war II Tune in next week to learn all about the War that ended the Great Depression

Now that we have reviewed….. Let’s see what you’ve learned Open your textbooks to page 790 Complete the three checkpoint questions on pages 790-793 Upon completion of checkpoint questions, begin working on Check Your Progress questions Do not forget to complete your Exit Ticket Questions!

Labor reforms Congress passed the Labor Relations Act It later became known as the Wagner Act after the New York senator who sponsored it. The Wagner Act helped establish collective bargaining Collective bargaining is the right of a union to negotiate wages and benefits for all of its members. The AFL and CIO are created. These two organizations helped protect workers rights. AFL= American Federation of Labor CIO= Congress of Industrial Organizations