Title: Are there any components of FDR's New Deal program that are still in effect today in the United States? - eNotes.com
Headings: Are there any components of FDR's New Deal program that are still in effect today in the United States?
History
Are there any components of FDR's New Deal program that are still in effect today in the United States?
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Jamel Bandy
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Yes, there are several New Deal programs in effect today as well as new programs which were born from the New Deal philosophy. The Securities and Exchange Commission, which regulates and is the "watch dog" of the stock market. Social Security was created in 1935 as an "old age" pension fund. The Federal Deposit Insurance Corporation, F.D.I.C. which protects our bank deposits. The Fair Labor Standard, otherwise known as min. wage to name a few. New Deal programs led to other social programs under the Johnson administration. Two such programs are medicaid and medicare which were created to assist people with medical costs. Approved by eNotes Editorial Team
Edith Sykes
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The following programs from Franklin Delano Roosevelt's New Deal Program still exist: Abandonment of gold standard, gold reserves no longer backed currency
Tennessee Valley Authority, efforts to modernize very poor areas centered on dams that generated electricty on the Tennessee River
Federal Deposit Insurance Corporation, insures deposits in banks to restore confidence in the banking industry
Securities Act of 1933, codified standards for sales and purchases of stocks
Social Security Act, provided financial assistance to the elderly, handicapped, paid for by employee and employer contributions
National Labor Relations Act, set up National Labor Relations Board to supervise management-labor relations
Fair Labor Standards Act, established a maximun standard for working hours, 40 hour week
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