Chapter 15 Section 5 The Impact of the New Deal 1. Labor New Deal Laws & Agencies Lasting Effects 1. Wagner Act Labor unions can organize & collectively bargain 2. Fair Labor Standards Act Standards for labor & hours 3. National Labor Relations Board Government intervention in labor disputes 2. Agriculture & Rural Life New Deal Laws & Agencies Lasting Effects 1. Agriculture Adj. Act Aid to farmers 2. Soil Conservation & Use fields intelligently Domestic Allotment Act 3. Tennessee Valley Authority Built and repaired dams 4. Rural Electrification Adm. Rural electricity 5. Public Utilities Holding Co. Government regulates rates 3. Banking & Finance New Deal Laws & Agencies Lasting Effects 1. Glass-Steagall Banking Act of 1933 2. Federal Securities Act Established the FDIC 3. Securities & Exchange Commission Required corps. to provide complete information on all stock offerings Government supervision of stock market 4. Social Welfare New Deal Laws & Agencies 1. Social Security Act Lasting Effects old-age pension Unemployment insurance dependents and disabled 5. Environment New Deal Laws Lasting Effects & Agencies 1. CCC 2. Soil Conservation Service Built and protected parks & beaches Prevent floods and dust storms 5. Environment New Deal Laws & Agencies Lasting Effects TVA Prevent Floods Taylor Grazing Act Protect public lands Supporters of the New Deal The New Deal and Government kept capitalism alive and prevented socialism. The New Deal brought hope and gratitude. The New Deal protected many people from dying. Critics of the New Deal Conservatives believe the government became too large and powerful. Government stifled free enterprise and individual initiative. Liberals think the New Deal did not close the gap between rich and poor. Taxes were too high and created a federal deficit.