1. Chapter 15 Section 5
Impact of the New Deal

2. Expanding Government’s Role in the Economy
Infusing economy with millions of dollars
Creating federal jobs
Attempting to regulate supply and demand
Settling labor and management disputes
Established agencies
- Federal Deposit Insurance Corporation (FDIC)
- Securities and Exchange Commission (SEC)

3. Banking and Finance
SEC- monitors the stock market and enforces the laws
FDIC – protects savings in case of bank failures

4. Workers’ Rights The Wagner Act and the Fair Labor Standards Act
Set standards for wages and hours
Banned child labor
Ensured the rights of workers to organize and form unions
National Labor Relations Board (NLRB)– acts as a mediator in labor disputes

5. Social Security
Federal government assumes responsibility for social welfare
Social Security Act – provides an old age insurance program, aid to the disabled

6. Environment
FDR committed to conservation and protecting nation’s natural resources
Taylor Grazing Act – help reduce grazing on public lands
Tennessee Valley Authority (TVA) - harnessed water power to generate electricity and prevent flooding