23.5 The Impact of the New Deal
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8 Terms
Lasting effects of the Federal Deposit Insurance Corporation
Regulates banking (insures individual accounts)
Lasting effects of the Securities and Exchange Commission
Monitors stock market
Lasting effects of the Fair Labor Standards Act and the Wagner Act
standards for wages and hours
Banned child labor
Ensured collective bargaining (mediator in labor disputes)
Lasting effects of the Social Security Act
Helps millions today through payments given to 65+ retirees, unemployment compensation, or families with dependent children or the disabled
Lasting effects of the Agricultural Adjustment Act
Made loads available to farmers (2nd) to become land owners (Determined by surplus and parity price)
Parity price
Price intended to keep farmers’ income steady (similar to price supports)
Lasting effects of the Civilian Conservation Corps
Trees planted and hiking trails created
Lasting effects of the Tennessee Valley Authority
Hydroelectricity and flood prevention
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