4 Answers | Add Yours
I would suggest that, for better or worse, the "New Deal" has never gone away, just some of its programs. The new relationship the Deal forged between government and the people still dominates much of our thinking today. Sometimes it is just labeled "liberalism," but I'm not sure that's fair to either. Concepts/programs such as Medicare and Medicaid (already mentioned) are the New Deal with a new name that Johnson created ("The Great Society" --- pretty bold since he didn't think of calling it the "Better" society or the "Good" society--- you can hear his speech and many other interesting ones at the link below). This speech is shockingly accurate in its prediction of many things that have happened since ....and even hints at problems No Child Left Behind attempted to solve.
Recently we have added prescription drugs for the elderly (Medicare D), are are suggesting contributions to individual families to help with expenses ($1,000/family to help with gas and heating/cooling expense). We have just received $300-$600 person to "help" with the economy (as though this money weren't ours in the first place). All these are "The New Deal" 80 years later. The changes may or may not have happened without FDR, but that fact is that they arose out of a need in the 30's and have hung around since.
Yes, there are several New Deal programs in effect today as well as new programs which were born from the New Deal philosophy. The Securities and Exchange Commission, which regulates and is the "watch dog" of the stock market. Social Security was created in 1935 as an "old age" pension fund. The Federal Deposit Insurance Corporation, F.D.I.C. which protects our bank deposits. The Fair Labor Standard, otherwise known as min. wage to name a few. New Deal programs led to other social programs under the Johnson administration. Two such programs are medicaid and medicare which were created to assist people with medical costs.
The following programs from Franklin Delano Roosevelt's New Deal Program still exist:
Abandonment of gold standard, gold reserves no longer backed currency
Tennessee Valley Authority, efforts to modernize very poor areas centered on dams that generated electricty on the Tennessee River
Federal Deposit Insurance Corporation, insures deposits in banks to restore confidence in the banking industry
Securities Act of 1933, codified standards for sales and purchases of stocks
Social Security Act, provided financial assistance to the elderly, handicapped, paid for by employee and employer contributions
National Labor Relations Act, set up National Labor Relations Board to supervise management-labor relations
Fair Labor Standards Act, established a maximun standard for working hours, 40 hour week
Yes, there are still some components of FDR's New Deal Programme that has a significant effect in today's United State culture and way of life, which still exist in today's society.
Firstly, the Social Security Act (SSA), which helps provide financial aid to the handicapped, lame, the elderly, which were paid by the employee and the employer's payroll contributions. It was started in 1935 and still exists.
Next, the National Labour Relations Act (NLRA), set up by the National Labour Relations Board during 1935, its main aim was to supervise labor-management relations, which help the labour movement groups in promoting their cause. It still exists in modern America.
Furthermore, Federal Crop Insurance Corporation (FCIC), was set up to insure the crops or livestock of many farmers outside against the threat of production and revenue loss substained. It was restructured in 1966 but still exist.
Moreover, the abandoment of gold standards, meaning that the gold reserves was no longer backing by currency exchange.
Also, the Tennessee Valley Authority (TVA), was set up in 1933 to help modernized poor areas, and its most notable effort is to provide hydroelectric dams to generate electricity in the Tennessee River.
Federal Deposit Insurance Corporation was set up to insure deposits in banks in order to regain the confidence amongst citizens to the banks
Finally, the Securities Act of 1933, which implemented the standards involving the purchase and sale of stocks, requiring that investments should be properly disclosed to the government, like transparancy, or face serious legal action for covering up the alleged transaction.
Most of the policies involving this measure, was abolished during the second World War, but still some were practised in the modern society, and the hearts of mankind.
We’ve answered 317,520 questions. We can answer yours, too.Ask a question