"I pledge you, I pledge myself, to a new deal for the American people." These words were spoken by Franklin Delano Roosevelt in 1932. The New Deal was FDR's legacy to the nation. The New Deal was his response to the Great Depression, which began in 1929. The New Deal program had two phases.
The first phase of the program was from 1933 to 1934. This included the Federal Deposit Insurance Corporation (FDIC). People had lost their savings when banks went bankrupt, and this measure was enacted to protect the public in the future by insuring their bank accounts. The Securities and Exchange Commission (SEC) was established to regulate Wall Street. Dubious Wall Street practices helped cause the Depression, so regulation was needed. In general, the myriad programs of this phase were for relief and recovery.
The second phase of the New Deal occurred between 1935 and 1941. The establishment of social security in 1935 was probably its most important achievement. Another measure passed by Congress in these years was a minimum wage law and a prohibition of child labor. The Supreme Court ruled against some parts of the New Deal. When the US entered World War II in 1941, the New Deal era came to an end.
Today, the New Deal remains the bedrock of the nation's social and economic policy.
Thursday, May 9, 2019
What would many call the legacy of FDR’s presidency?
Subscribe to:
Post Comments (Atom)
What is the theme of the chapter Lead?
Primo Levi's complex probing of the Holocaust, including his survival of Auschwitz and pre- and post-war life, is organized around indiv...
- 
The statement "Development policy needs to be about poor people, not just poor countries," carries a lot of baggage. Let's dis...
 - 
Bacteria are single-celled microorganisms that thrive in diverse environments (such as the ocean, the soil, and the human body). Various bac...
 - 
Note that these events are not in chronological order. The story is told by the narrator, looking back upon her life. The first notable even...
 - 
It seems most likely you are asking about Michael Halliday's theories of language. He argues children have seven main functions they use...
 - 
James is very unhappy on a number of occasions throughout the story, but he's especially unhappy with his life situation as the story be...
 - 
Under common law, any hotel, inn, or other hospitality establishment has a duty to exercise "reasonable care" for the safety an...
 - 
One of the plot lines in Pride and Prejudice is Mrs. Bennet’s plan to marry off her daughters, preferably to rich men. Throughout the novel...
 
No comments:
Post a Comment