Chapter 15 Section 5 Notes Legacy of the New Deal

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Chapter 15 Section 5 Notes Legacy of the New Deal

New Deal as a whole ends in 1939 Did the New Deal succeed or fail? FDR turns attention to Europe and Hitler’s rise to power Did the New Deal succeed or fail? Pg. 516… (My opinion… kinda both) Did the New Deal end the Depression? No… but it helped WWII spending is what really caused unemployment to go down a lot

New Deal programs that still exist Federal Deposit Insurance Corporation (FDIC) insures bank accounts Securities and Exchange Commission (SEC) monitors stock market activity requires businesses to disclose info about operations National Labor Relations Board (NLRB) mediates labor disputes between unions & employers Social Security Administration (SSA) Collects 6.2% of everyone’s gross income All parts of the program still in place (for now)