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Objective 5.7- Legacy of the New Deal

Added Feb 17, 2016 •

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undoubtedly Franklin Roosevelt's New Deal fundamentally change America more than any other set of policies in American history however the New Deal programs put people back to work gave people hope and stimulated economic growth because of the New Deal the government had assumed greater responsibility the well-being of its citizens citizens are no longer on the room times of Crisis the government is more active in creating jobs when firm simply can't people can trust that the how to make an axe when the economy fails today we're going to look at several ways that the New Deal had a lasting impact on America the first lasting Legacy of the new deal Franklin Delano Roosevelt himself Franklin Roosevelt was America's friend and leader who those who had no hope FDR became a beloved hero and a friend most Americans the government to try something to help them and FDR deliver he provided direct relief jobs hope and self-respect to the downtrodden ironic most Americans who couldn't stand for themselves didn't know that their friend and leader himself could not walk stricken by polio at an early age FDR lost the Chivas Lakes I needed leg braces to walk and a wheelchair to get around Americans had no idea until after his death that the man who got them back on their feet could not stand on his own him the media and the White House had an Unwritten rule that reporters would not show after you're either in his wheelchair walking with leg braces as to protect his image with the American people this prove vital to the confidence that the American people had in Roosevelt even cartoons of Roosevelt like the one seen here showed him using his legs like a normal person but this did it matter he was the care and compassion that FDR show does America's leader during the Depression that made him an injury figure in the hearts of Americans as a cotton mill worker who is helped by the New Deal once said I do think that Roosevelt is the biggest hearted man we have ever had in the White House the next Legacy of the new deal is FDR's wife Eleanor Roosevelt Eleanor Roosevelt revolutionized the role of first lady she became deeply involved in her husband's presidency Eleanor travel the country for FDR reporting back on the conditions of the Great Depression in the effects of the new deal she advocated for women kids and minorities and him to take a stand on top her advice helped lead to the appointment of the first woman Cabinet member Frances Perkins as Secretary of Labor more popular times and FDR her Legacy is of action planet arianism  the third Legacy of the new deal is deficit spending deficit spending is when the government spends more money than it brings in in tax revenue the US always Fenton deficit spending has increased since the New Deal programs FDR hated spending but to him it was a necessary evil that had to be used in order revive the economy during the New Deal years the government spent to create jobs which ideally would be paid for in taxes on new income earned by workers while deficit spending what's the national debt this graph shows that the increases in deficit spending during the New Deal years ultimately led to creation of more jobs and a decrease in the unemployment rate several modern presidents have spent in deficit in order to Spur economic recovery Ronald Reagan George W bush and Barack Obama have all used physical Silas planets in order spur economic recovery in times of economic recession and have spent in deficit to do so the next Legacy of the new deal is financial Billy's many New Deal programs protect your money and Investments today today the FDIC insures any money in the bank provides peace of mind your money back to the federal government in addition as the stock market so it's a fair game when you invest in the market is not rigged against you and your not cheated turn for the SEC investigated Martha Stewart insider trading she was arrested and thrown in jail this is just one example 1999 the glass-steagall Act was repealed without its oversight of Banks and financial institutions that the financial sector collapse within 8 years  V last Legacy of the new deal is the New Deal coalition FDR's policies led to the creation of the New Deal coalition in the 1930s this group included Southern whites can Americans and babe are you supported New Deal programs because of FDR and the New Deal the Democratic party became the champion of these groups and their causes map for Southern whites who predominately vote Republican today this group which is now made up of labor unions and minorities solidly vote for Democratic candidates today even modern prominent Republicans began to supporters of the new deal for example Ronald Reagan was a new deal Democrat until the 1960s towards the Republican Party the final and perhaps the biggest Legacy of FDR's new deal as a social security system in the Social Security System workers Tyrese over 65 years old social security has been a part of however Social Security in has become the largest government expenditure in the federal budget the number of retirees is exceeding the number of contributors and over the years the government has borrow to the Social Security fund in order to pay for other government programs Americans thought about their government and the role of government in Americans lives before the New Deal government took more of a hands-off approach to the economy but the New Deal was a turning point every time you deposit your money in a bank in every time you use your social security number and every time you drive over a bridge or road that was constructed during the New Deal you are experiencing the change government's role in American society

Uploaded by Mark Lovein.

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Objective 5.7- Legacy of the New Deal

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