New Deal

By: Dylan Hostrander and Ashley Merkle

Social Security

This was in the second part of the New Deal in 1935. It was made to provide for the general welfare by establishing a system of federal old aged benefits, the blind, dependent or crippled children, maternal and child welfare, public health, and administration of their unemployment compensation laws. This was a reform because it is still around today, which also means that it was successful.

Wagner act

Also knows as the National Labor Relations Act it was part of the second New Deal in 1935. Its purpose was to eliminate employers interference with the self governing like organization of workers into unions. As well as protect the rights of workers and they got to choose their own union. This encouraged the bargaining between workers and employers. This prohibited making groups or unions against other workers. This was a reform and successful.

Glass Steagall Act

This was the first part of the new deal in 1933. It was aimed to limited the commercial bank security activities and affiliation within commercial banks and securities firm. Also to Separates commercial and investment banking. It was a reform. However this was unsuccessful because it was a main cause of the 2008 financial crisis.

Public Works Act

This was in the first part of the New Deal. It was introduced by Harold L. Ickes to put a large scale of work in construction. They build bridges, dams, hospitals, schools ,etc. There was a total of $6 billion in all to provide employment and help our economy with a constant flow of money. It was a relief which gave lots of jobs which stabilizes the economy. It was successful for example the Hoover Dam was built as well as the golden gate bridge.

Fair Labor Standard Act

This was in the second part of the New Deal in 1938. It established minimum wage, overtime pay, record keeping, and youth employment standards. This introduced the 40 hour work week. It was a successful reform.

Federal Deposit Insurance Corporation

This was in the first part of the New Deal. It backed you up if you had $250,000 or less in the bank you were guarantee to get it all back. If you had more you would loose it. This was due to many banks that went belly up in the depression and no one got their money back. It was a recovery and reform because it helped people with saving their money and it is still in today. It was successful.

Securities and Exchange Commision

This was part of the second Deal in 1934. This authorized the SEC to collect information from the public and companies trade. However do to the credit default it was a big cause of a financial meltdown. It was an unsuccessful reform.