The New Deal and the Effects
The New Deal was an array of forms and regulations that were put together by Franklin D. Roosevelt or FDR. There were goals for the New Deal, short run and long run. To get through the immediate crisis and to stabilize the economy were only a few of the short-term goals of the New Deal. The long-term goal was to ensure that something like the Great Depression would never occur again. The New Deal was not a negative aspect, but positive effect for the United Sates, providing the U.S. with helpful programs like Social Security, Securities and Exchange Commission and the Glass-Steagall Act.
To gain a stable economy regulation and laws that were persuaded and used daily to help with the situation. For elders 65 and over, they were given Social Security. Monthly payments were given to elders, but this money did not just come from anywhere. Payroll tax was created to have workers and owners pay a tax, that would eventually be given to elders. The only few that were excluded from this payroll tax …show more content…
The SEC was running by Joseph Kennedy and he was excited to see the effects. This did two things for the United States. First it made the stock market give up or expose all companies who sold stock to show basic accounting information to the SEC. The data that was audited by independent accountants and given to the public. “Government supervision” was established by the SEC said Bites, which made it easier for the depression to go from horrible to better (Bites2). The Stock Market and all the regulations it has made would not have been possible without the SEC. With the regulations that helped the Stock Market, the economy became stabilized. “A New Deal for the American People” says that “safeguards” restored trust back into the banks and established a “firm economic foundation” that would last for years after the New Deal was established (Biles
The New Deal was an array of forms and regulations that were put together by Franklin D. Roosevelt or FDR. There were goals for the New Deal, short run and long run. To get through the immediate crisis and to stabilize the economy were only a few of the short-term goals of the New Deal. The long-term goal was to ensure that something like the Great Depression would never occur again. The New Deal was not a negative aspect, but positive effect for the United Sates, providing the U.S. with helpful programs like Social Security, Securities and Exchange Commission and the Glass-Steagall Act.
To gain a stable economy regulation and laws that were persuaded and used daily to help with the situation. For elders 65 and over, they were given Social Security. Monthly payments were given to elders, but this money did not just come from anywhere. Payroll tax was created to have workers and owners pay a tax, that would eventually be given to elders. The only few that were excluded from this payroll tax …show more content…
The SEC was running by Joseph Kennedy and he was excited to see the effects. This did two things for the United States. First it made the stock market give up or expose all companies who sold stock to show basic accounting information to the SEC. The data that was audited by independent accountants and given to the public. “Government supervision” was established by the SEC said Bites, which made it easier for the depression to go from horrible to better (Bites2). The Stock Market and all the regulations it has made would not have been possible without the SEC. With the regulations that helped the Stock Market, the economy became stabilized. “A New Deal for the American People” says that “safeguards” restored trust back into the banks and established a “firm economic foundation” that would last for years after the New Deal was established (Biles