Chapter 15: The New Deal Section 5: The Impact of the New Deal

Standards 11.6.4 Analyze the effects of and the controversies arising from New Deal economic policies and the expanded role of the federal government in society and the economy since the 1930s Works Progress Administration Social Security National Labor Relations Board farm programs regional development policies energy development projects such as the Tennessee Valley Authority, California Central Valley Project

Objectives: Following lecture and reading of this section, students will be able to: Summarize opinions about the effectiveness of the New Deal Describe the legacies of the New Deal

Third New Deal? FDR considered a 3rd New Deal to combat some remaining problems Many Americans felt end of Depression was near FDR did not want to continue deficit spending 3rd New Deal never occurred Unemployment did increase slightly 1937-38 Hitler’s rise to power in Europe soon became the main focus of FDR & the U.S.

Commentaries on the New Deal Praises: Balanced: Unregulated capitalism vs. over-regulated socialism Criticisms: Conservatives Claim the New Deal made the federal government too large and too powerful Taking away from free-enterprise and individualism Liberals: Did not eliminate social & economic inequalities

Expansion of Government Power Economy: Federal government & President More active role in shaping the economy Infusing millions of dollars into the economy w/ federal work projects CCC WPA Deficit spending Still paying off debt today…

Expansion of Government Power Labor: Wagner Act & Fair Labor Standards Act Wages Hours Banned Child Labor Right of workers to unionize Collective bargaining rights

Expansion of Government Power Finance: FDIC Ensuring depositors bank accounts in the event of bank failures SEC Ensuring the stock market was fair for all investors Social: Social Security Old age retirement system. Environment: Soil conservation and Tennessee Valley Authority