There were several lasting effects of the legislation developed during the New Deal. One lasting impact was the creation of the Social Security System with the passage of the Social Security Act. Many people rely on Social Security as their primary source of income when they retire. This New Deal program is very important for many people today.
Another lasting impact is that people believe the government should act as a safety net when very difficult times arise. The government developed programs that created jobs during the New Deal. Programs like the CCC and the CWA provided work for unemployed people. We expect the government to help people in some way with employment during difficult economic times.
People have come to expect the government to protect us. The Federal Deposit Insurance Corporation was created to protect savings accounts. People rely on this insurance today to protect their bank accounts. Reforms were also made regarding the stock market. Companies must provide...
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