The New Deal Criticisms and Effects. The New Deal Does Too Much Many Republicans, esp. the wealthy, felt that the New Deal did too much ◦Programs such.

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Presentation transcript:

The New Deal Criticisms and Effects

The New Deal Does Too Much Many Republicans, esp. the wealthy, felt that the New Deal did too much ◦Programs such as the TVA and rural electrification were socialistic ◦The Second New Deal pushed through a series of higher taxes aimed at the rich including the Revenue Act of 1935 which raised the tax rate on individual incomes over $50,000 ◦FDR’s enemies claimed the Social Security Act penalized successful, hardworking people by forcing them to pay into the system ◦Others saw the assignment of Social Security numbers as the first step toward a militaristic, regimented society

The New Deal Does Too Much American Liberty League, headed by Alfred E. Smith spearheaded opposition to the New Deal arguing that it limited individual freedom in an unconstitutional, “un-American” manner smacking of Bolshevism

The New Deal Does Not Do Enough Progressives and socialists claimed that the New Deal did not do enough They believed that the nation’s entire economic system needed to be reformed in order to cure what he believed to be a permanent crisis.

Modern Day Critics Did the New Deal achieve the greatest good for the greatest number of people? You decide. Read “Comparing Primary Sources” on p. 549 and “Modern-Day Critics” on p Then write a statement explaining which arguments you agree with, and why.

Lasting New Deal Achievements Public Works and Federal Agancies, Social Security, and A Legacy of Hope

Public Works and Federal Agencies Many New Deal bridges, dams, tunnels, public buildings, and hospitals exist to this day TVA remains a model of government planning FDIC still guarantees bank deposits SEC continues to monitor the workings of the Stock Exchanges Farmers still plant according to federal crop allotment policies adopted after the Supreme Court struck down AAA crop reduction plans

Social Security Despite critics, the Social Security system endures

A Legacy of Hope Restored a sense of hope to the people People began to look to their government for support and government programs did mean the difference between survival and starvation for millions of Americans