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 Federal National Mortgage Association, also known as Fannie Mae, was established in 1938 when President Roosevelt signed an amendment to the National Housing Act (passed in 1934). Fannie Mae's purpose was to purchase loans from private lenders, freeing up capital so those lenders could fund new loans. Fannie Mae helped fuel the post-WWII housing boom by financing loans for millions of GIs. 4 ﻿ Today, Fannie Mae and a companion program, Freddie Mac, are publicly held companies that finance millions of home purchases. 4 ﻿
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National Labor Relations Board
The National Labor Relations Board strengthened labor unions. Here, workers vote to unionize in Tennessee. Ed Westcott / Department of Energy
Workers at the turn of the 20th century were gaining steam in their efforts to improve working conditions. By the close of World War I, labor unions claimed 5 million members. But management started cracking the whip in the 1920s, using injunctions and restraining orders to stop workers from striking and organizing. Union membership dropped to 3 million, just 300,000 more than pre-WWI numbers.