Long Term Impacts of the New Deal and

Depression

Growth of Government• Economic crisis leads to growth of

government.–New Deal Programs–Deficit Spending

• Do you agree with the philosophy of Keynesian Economics?• Set precedent of government

involvement in economic crisis.

Lasting Programs• Social Security• FDIC• SEC• TVA• FHA• NLRB

Women and Minorities

• New Deal programs did not discriminate.• Step toward

greater equality

Growth of Labor Unions• FDR is strong

supporter of labor• Strengthened

collective bargaining• Increased worker

rights

The End of the New Deal• FDR wanted to

limit deficit spending• WWII was

looming• FDR thought

country was recovering

New Deal: Success?• Yes!–Reduced

unemployment–Helped farmers–Helped needy–Reformed

banking and finance

• No!–Too much

confusion for business growth–Unemployment

still high–Real growth not

until after WWII