Tuesday, March 14, 2017

The New Deal Then and Now-


The new deal has affected our lives greatly and still impacts us today. In 1933 Congress passed the Emergency Banking Act to give the government the chance to inspect the health of all banks. The Emergency Banking Act has had a huge impact on everyday life. It re-established American faith in stabilizing the banking system. Now Americans don't have to be afraid of bank failure. 

The next thing that has affected out lives is the Social Security Act, which was passed by Congress in 1935. This is meant to help older people in need after they retire. This law provides money each month to elderly people in need. Children and handicapped people could also get aid from the government. The temporarily unemployed could also receive funds from the state. 

Another major thing that has impacted our lives is the National Recovery Administration. This was established by Congress to help increase production. The agency let competing companies work together to set prices, maximum working hours, and create fair minimum wages. The National Recovery Administration also guaranteed workers the right to join unions and to bargain for contracts. This impacts out lives today by creating fair minimum wages and maximum working hours. 

The Federal Emergency Relief Act was made to give money to states. The money they gave was used to help provide them with food and assistance to people in need. This act mainly affected the poor and unemployed. This has impacted our lives today because we now have food stamps to help some people pay for food if they can not afford it.