The New Deal How America Got Essay — страница 2

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money. These would also eliminate monopolies, which would allow for more competition. Businesses complained about the NRA heavily until it was declared unconstitutional in 1935. However, the NIRA was not a total failure as it opened the door for the National Labor Relations Act as it guaranteed the right of collective bargaining. The National Labor Relations Act helped to define unfair labor practices, gave workers the right to bargain through their choice of unions, and prohibited employers from interfering with union activities. It lastly created the National Labor Relations Board to supervise collective bargaining, administer elections, and ensure workers the right to choose the organization that should represent them in dealing with employers. This was the first time that

workers had so much freedom and support from the government. Another one of the causes for the Great Depression is the fact that people lost faith and trust in the banks. Before their eyes they saw their life savings disappearing because banks were not able to collect on their loans. To help people gain faith back in the banking system the government created the Federal Deposit Insurance Corporation or FDIC. The FDIC insured savings-bank deposits up to $5,000, and severe regulations were imposed on the sale of securities on the stock exchange. The FDIC is still around today insuring up to $100,000. Lastly, one of the most important and successful programs created from the New Deal was the Social Security Act of 1935. This was aimed to help the elderly, widows, and orphans. Social

security is funded by taxes by the earnings of current workers. Every month people qualified will receive a check from the government. This was such a success that social security is one of the largest programs around today. After the roaring 20 s, America went through the horrible time called the Great Depression. However, with an excellent leader with many ideas, we were able to pull through. The New Deal basically showed that the government is indeed there for the people and will help the people. It opened jobs for the unemployed, created fair laws and regulations, and helped support the helpless. This not only helped build the economy up but it helped to give the American people faith in the government. Without Roosevelt s New Deal, who knows what could have happened to

America. But with the many great programs and systems that were enabled because of the New Deal we were able to pick ourselves up again.