Legacy of the New Deal: Impact on Government Role and Economic Policies
The New Deal's legacy, despite not ending the Great Depression, introduced lasting programs still in effect today. It reshaped the government's role in private interests and interventions, providing a safety net against economic disasters.
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Roosevelt and the New Deal The New Deal Coalition
The New Deal Coalition was made up of supporting groups that wanted to see Franklin Delano Roosevelt re-elected in 1936. They included African Americans and women and others who had benefited from FDR s new deals. The dramatic shift in party allegiance by African Americans was part of a historic political realignment triggered by FDR s New Deal. Roosevelt s Second Term
After re-election Roosevelt tried to pass a bill (court packing plan) that would allow him to replace 6 of the 9 judges sitting on the Supreme Court. Angry judges struck down the plan as unconstitutional which made Roosevelt look bad. The Court Packing Plan
The Roosevelt Recession FDR also chose to cut spending by $2 billion and tried to balance the budget which caused unemployment to rise again. These two events weakened Roosevelt politically. Henry Morgenthau favored balancing the budget and cutting spending. Keynesianism (John Maynard Keynes): theory that the government should spend heavily during a recession to jump start the economy and then balance the budget when the economy is doing well.
The Last New Deal Reforms The last of the New Deal programs were to help those who could not afford a mortgage The National Housing Act established the United States Housing Authority, which received $500 million to subsidize loans for builders willing to buy blocks of slums and build low-cost housing. The Farm Security Administration gave loans to tenant farmers to purchase farms of their own The Fair Labor Standards Act helped workers of industry by establishing a 40 hour work week
The Legacy of the New Deal The legacy of the New Deal was not that it ended the great depression. It didn t! The New Deal started many new programs that are still in tact today in one form or another that provide a safety net for citizens against economic disaster. The new deal also changed the way Americans portray the government s involvement in private interests and economic interventions.
Discuss the New Deals legacy, including its effectiveness in dealing with the Depression and its lasting effects on the role of government. Essay Question
Discuss the New Deals legacy, including its effectiveness in dealing with the Depression and its lasting effects on the role of government. The New Deal had only limited success in ending the Depression. Unemployment remained high, and economic recovery was not complete until after World War II. Even so, the New Deal gave many Americans a stronger sense of security and stability. The New Deal tended to operate so that it balanced competing economic interests. Business leaders, farmers, workers, consumers, homeowners, and others now looked to government to protect their interests. This broker role in mediating among competing interests has continued under the administrations of both parties ever since. Also, the New Deal programs created a safety net that protected people against economic disaster. After the Roosevelt years, the American people felt that the government had a duty to maintain this safety net, even though it required a larger, more expensive federal government. Essay Question
