Title: 7 New Deal Programs Still in Effect Today
Headings: 7 New Deal Programs Still in Effect Today
7 New Deal Programs Still in Effect Today
Federal Deposit Insurance Corporation
Federal National Mortgage Association (Fannie Mae)
National Labor Relations Board
Securities and Exchange Commission
Social Security
Soil Conservation Service
Tennessee Valley Authority
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Content: The SEC is still in place, and works to ensure that "all investors, whether large institutions or private individuals…have access to certain basic facts about an investment prior to buying it, and so long as they hold it." 05
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Social Security
Social Security continues to be one of the most popular and important New Deal programs. Douglas Sacha / Getty Images
In 1930, 6.6 million Americans were age 65 and older. 7 ﻿ Retirement was nearly synonymous with poverty. As the Great Depression took hold and unemployment rates soared, President Roosevelt and his allies in Congress recognized the need to establish some kind of safety net program for the elderly and disabled. On August 14, 1935, FDR signed the Social Security Act, creating what has been described as the most effective poverty mitigation program in U.S. history. With the passage of the Social Security Act, the U.S. government established an agency to register citizens for benefits, to collect taxes on both employers and employees to fund the benefits, and to distribute those funds to beneficiaries. Social Security helped not only the elderly, but also the blind, the unemployed, and dependent children. Social Security provides benefits to over 63 million Americans today, including over 46 million senior citizens. 8 ﻿ Although some factions in Congress have attempted to privatize or dismantle Social Security in recent years, it remains one of the most popular and effective New Deal programs.