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

2. 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

3. 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

4. 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
Hitler’s rise to power in Europe soon became the main focus of FDR & the U.S.

5. 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

6. 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…

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

8. 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