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