The Impact of the New Deal

Preview Questions What do critics say about the New Deal? How did the New Deal make the economy more stable?

I. New Deal Reforms Endure Conditions At End of 1930’s Production at 1929 level Unemployment better, but still high Cutback on New Deal Programs Reduced deficit spending Slight economic decline FDR worried about events in Europe

I. New Deal Reforms Endure Criticisms Interfered with free enterprise Economic gap remained large Didn’t end Great Depression Praises Balanced effort at saving capitalism Many long-lasting programs

I. New Deal Reforms Endure Increased Power of President Federal Jobs Regulated Supply and Demand Mediated Labor Disputes

I. New Deal Reforms Endure Banking and Finance FDIC SEC Labor Wagner Act (NLRB)

II. Social and Environmental Effects Social Security Act Federal government took responsibility for its citizens Agriculture Second AAA

II. Social and Environmental Effects Soil Conservation Tennessee Valley Authority