FDR was extremely popular among working-class Americans Reforms that begun under the New Deal continue to influence American politics and society
FDR received pressure from Congress to scale back New Deal programs, which FDR did –As a result…. Industrial production dropped again Unemployed increased from 7.7 million to 10.4 million
SUPPORTERS & CRITICS OF THE NEW DEAL (516) CRITICS…. –Conservatives think Roosevelt’s policies made the federal government too large and too powerful –Liberal critics, argue that Roosevelt didn’t do enough to socialize the economy and to eliminate social and economic inequalities
SUPPORTERS AND CRITICS OF THE NEW DEAL (516) Supporters… –Stated that Roosevelt helped the country recover from its economic difficulties
EXPANDING GOVERNMENT’S ROLE IN THE ECONOMY (517) –The government did expand it’s role by… Infusing the nation’s economy with millions of dollars Created federal jobs Regulate supply and demand Increase government’s active participation in settling labor and management disputes
EXPANDING GOVERNMENT’S ROLE IN THE ECONOMY (517) –Federal Deposit Insurance Corporation (FDIC) –Securities and Exchange Commission (SEC) The above to agencies helped regulate banking and investment activities by the federal gov TODAY – banks that are FDIC insure up to $100,000
WHAT REALLY ENDED THE DEPRESSION? –The massive amount of spending by the federal government for guns, tanks, ships, airplanes, and all the other equipment and supplies needed for World War II
PROTECTING WORKERS’ RIGHTS (518) –Wagner Act & Fair Labor Standards Act – set standards for wages and hours, banned child labor, and ensured the right of workers to organize and bargain collectively with employers
SOCIAL SECURITY –Provides an old-age insurance program –An unemployment compensation system –Aid to the disabled and families with dependent children
THE RURAL SCENE –Agriculture Loans were made to farmers Established agricultural price supports set a precedent of federal aid to farmers that continues into the 21 Century
THE ENVIRONMENT –Government added to the national park system –Established new wildlife refuges and set aside large wilderness areas –The Civilian Conservation Corps planted trees, created hiking trails, and built fire lookout towers