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: An estimated 20 million investors bet their money on securities, looking to get rich and get their piece of what became a $50 billion pie. 6 ﻿ When the market crashed in October 1929, those investors lost not only their money but also their confidence in the market. The main goal of the Securities Exchange Act of 1934 was to restore consumer confidence in the securities markets. The law established the Securities and Exchange Commission to regulate and oversee brokerage firms, stock exchanges, and other agents. FDR appointed Joseph P. Kennedy, father of future President John F. Kennedy, as the SEC's first chairman. 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.