What were some of the parts of Roosevelt's New Deal that hung around and changed the country for good?
2007-03-20 03:21:29 · 6 answers · asked by Anonymous in Politics & Government ➔ Government
Social Security is the biggest, longest-lasting, item. Before the New Deal, there was no federal "safety net" for elderly people. During the depression many elderly people fell into poverty, were evicted, etc. Social Security was designed to take the edge off of that situation. It has since grown and is now much bigger, and is often considered as needing to be something people can live off of if they have to. Complaints center around it contributing to the growth of the welfare state, and also that it is funded by a regressive tax - the more you earn, the less percentage you pay into the system.
Other legacies are in the business area - guarantees for bank deposits, securities laws, etc. These smoothed out the volatility and risk in the free market, helping prevent another meltdown like in 1929 that led to the Depression. That wasn't the first meltdown or depression in American history, but since then, things have not gotten so out of whack, and the economy has been much more stable.
2007-03-20 03:24:07 · answer #1 · answered by Steven D 5 · 1⤊ 0⤋
Things were done by government that private business could not or would not do. Most of the rural south got electricity. Workers got a minimum pension from Social Security; many retired people before that time got nothing and were impoverished. Millions of unemployed were put back to work by the government; there were no private sector jobs for them. Roads were built and parks improved. The federal deposit insurance corporation was established to guarantee bank deposits and this reestablished peoples' faith in the banking system. Before that time, people could lose all their savings if a bank failed. Tough securities laws were enacted. This helped to reestablish confidence in the stock market and prevented some of the swings, speculation, fraud, and financial panics of earlier years.
2007-03-20 10:26:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No parts of the New Deal changed the country for the good.
2007-03-20 10:25:13 · answer #3 · answered by desotobrave 6 · 1⤊ 1⤋
A feeling of entitlement and that the government owes you something.
Expanding government socialism
Social Security
2007-03-20 10:25:11 · answer #4 · answered by MP US Army 7 · 0⤊ 1⤋
More African Americans could now afford Cadillacs and High-end TV's with the welfare checks they received.
2007-03-20 10:29:59 · answer #5 · answered by Anonymous · 0⤊ 2⤋
what's the big deal about the new deal?
2007-03-20 10:26:17 · answer #6 · answered by LEE DA 4 · 0⤊ 3⤋