The New Deal is a huge turning point in American history, as it represents a time when the federal government got significantly involved in the US economy. In today's society, during a financial crisis, we look the government to help individuals/businesses out. Here are some examples to support this claim.
1) New Deal resulted in the creation of the Federal Deposit Insurance Corporation- This federal agency, which still exists today, guarantees an individuals money up to a specific amount. FDR created this because of the results of the Great Depression, as millions of American lost money to banks that ran out of paper currency. The FDIC ensures that American citizens assets are protected.
2) Creation of Social Security- The Social Security Act is the reason why we have social security numbers and pay a social security tax. This law was aimed at helping elderly citizens during the Great Depression. The Social Security Act resulted in direct financial assistance to elderly American citizens during the Great Depression and still exists today.
