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Long Term Impacts of the New Deal and Depression

Long Term Impacts of the New Deal and Depression. Growth of Government. Economic crisis leads to growth of government. New Deal Programs Deficit Spending Do you agree with the philosophy of Keynesian Economics? Set precedent of government involvement in economic crisis. Lasting Programs.

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Long Term Impacts of the New Deal and Depression

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  1. Long Term Impacts of the New Deal and Depression

  2. Growth of Government • Economic crisis leads to growth of government. • New Deal Programs • Deficit Spending • Do you agree with the philosophy of Keynesian Economics? • Set precedent of government involvement in economic crisis.

  3. Lasting Programs • Social Security • FDIC • SEC • TVA • FHA • NLRB

  4. Women and Minorities • New Deal programs did not discriminate. • Step toward greater equality

  5. Growth of Labor Unions • FDR is strong supporter of labor • Strengthened collective bargaining • Increased worker rights

  6. The End of the New Deal • FDR wanted to limit deficit spending • WWII was looming • FDR thought country was recovering

  7. New Deal: Success? • Yes! • Reduced unemployment • Helped farmers • Helped needy • Reformed banking and finance • No! • Too much confusion for business growth • Unemployment still high • Real growth not until after WWII

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