Jonathan Mullen Period:05Mrs. Cuzzi Due: May 10th, 2010

Chapter 23: The New DealSection 5: The Impact of the New Deal

1. New Deal Reforms Endurea. Supporters and Critics of the New Deal

i. Two extremes: High Praise and Radical Opposition1. Opinions tended to change over time

a. Conservatives generally opposed while liberals normally supported the New Deal

i. Similar to todayb. Expanding Government’s Role in the Economy

i. Governmental regulation of banks.1. Securities and Exchange Commission (SEC)

a. Regulate Banking and investing activities.ii. NOTE: THE NEW DEAL DID NOT END THE GREAT DEPRESSION, IT MERELY

LESSENED IT’S IMPACT / HARM c. Protecting Workers Rights

i. Establishment of stricter working codes / standardsii. Better enforced than the past codes

1. Maintained by the National Labor Relations Board (NLRB)a. Still in existence today

2. Social and Environmental Effectsa. Social Security:

i. One of the Biggest legacies of the New Deal1. Provided an “old Age” insurance program2. Unemployment Benefits3. Aid to the disabled / financially needy

a. Still in existence todayb. Biggest debt in this Country Today

b. The rural Scenei. New Deal set agricultural quotas

ii. Surplus controliii. Loans to the Agricultural Industryiv. Improvement of Rural Living Conditions (Better standard of living)

c. The Environmenti. New Deal Promoted Environmental Conservation and Natural Resource

Conservationii. Biggest Example: Tennessee Valley Authority

1. Prevent floods2. Generate Electricity3. Protected Woodlands4. Established Wildlife Refuges