How many new deal programs are still in effect
Besides programs built to directly help those affected by the Great Depression, the New Deal included legislation intended to correct the situations that led to the stock market crash of The following are the top 10 programs of the New Deal.
This work relief program had the desired effect, providing jobs for many thousands of Americans during the Great Depression. The CCC was responsible for building many public works projects and created structures and trails in parks across the nation that are still in use today.
The Civil Works Administration was also formed in to create jobs for the unemployed. Its focus on high-paying jobs in the construction sector resulted in a much greater expense to the federal government than originally anticipated. The CWA ended in in large part because of opposition to its cost. A large number of unemployed workers combined with the banking crisis resulted in a situation in which banks recalled loans and people lost their houses.
The FHA was designed to regulate mortgages and housing conditions; today, it still plays a major role in the financing of houses for Americans. The Federal Security Agency, established in , was responsible for oversight of several important government entities.
Until it was abolished in , it oversaw Social Security, federal education funding, and the Food and Drug Administration, which was created in with the Food, Drug and Cosmetic Act. The Home Owners' Loan Corporation was created in to assist in the refinancing of homes.
The housing crisis created a great many foreclosures, and FDR hoped this new agency would stem the tide. In fact, between and , 1 million people received long-term, low-interest loans through the agency, which saved their homes from foreclosure.
The National Industrial Recovery Act was designed to bring together the interests of working-class Americans and businesses. Through hearings and government intervention, the hope was to balance the needs of all involved in the economy. The court ruled that the NIRA violated the separation of powers. The Public Works Administration was a program created to provide economic stimulus and jobs during the Great Depression. The PWA was designed to create public works projects and continued until the U.
It ended in The Social Security Act of was designed to combat widespread poverty among senior citizens and to aid the disabled. The government program, one of the few parts of the New Deal still in existence, provides income to retired wage earners and the disabled who have paid into the program throughout their working lives via a payroll deduction.
The program has become one of the most popular government programs ever and is funded by current wage earners and their employers. The Social Security Act evolved from the Townsend Plan, an effort to establish government-funded pensions for the elderly led by Dr. Francis Townsend. The Tennessee Valley Authority was established in to develop the economy in the Tennessee Valley region, which had been hit extremely hard by the Great Depression.
The FDIC provides financial insurance to banks and lending institutions to encourage citizens to set up bank accounts and make deposits. By offering financial insurance, the FDIC allows banks to loan and lend money with confidence, which encourages the movement of money through the economy. Similarly, the SEC protects investors and helps with long-term economic stability by creating transparency in the federal economic system.
It put people back to work. It saved capitalism. It restored faith in the American economic system, while at the same time it revived a sense of hope in the American people. The New Deal also provided the elderly with a set income under a program called Social Security.
0コメント