Wednesday, September 24, 2014

Are there any components of FDR's New Deal program that are still in effect today in the United States?

Yes, there are still some components of FDR's New Deal Programme that has a significant effect in today's United State culture and way of life, which still exist in today's society.


Firstly, the Social Security Act (SSA), which helps provide financial aid to the handicapped, lame, the elderly, which were paid by the employee and the employer's payroll contributions. It was started in 1935 and still exists.


Next, the National Labour Relations Act (NLRA), set up by the National Labour Relations Board during 1935, its main aim was to supervise labor-management relations, which help the labour movement groups in promoting their cause. It still exists in modern America.


Furthermore, Federal Crop Insurance Corporation (FCIC), was set up to insure the crops or livestock of many farmers outside against the threat of production and revenue loss substained. It was restructured in 1966 but still exist.


Moreover, the abandoment of gold standards, meaning that the gold reserves was no longer backing by currency exchange.


Also, the Tennessee Valley Authority (TVA), was set up in 1933 to help modernized poor areas, and its most notable effort is to provide hydroelectric dams to generate electricity in the Tennessee River.


Federal Deposit Insurance Corporation was set up to insure deposits in banks in order to regain the confidence amongst citizens to the banks


Finally, the Securities Act of 1933, which implemented the standards involving the purchase and sale of stocks, requiring that investments should be properly disclosed to the government, like transparancy, or face serious legal action for covering up the alleged transaction.


Most of the policies involving this measure, was abolished during the second World War, but still some were practised in the modern society, and the hearts of mankind.

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