There were many different areas that the New Deal had a positive impact on
Banks: When Hoover left office, there was a major bank crisis and 40% of banks were failed. In his New Deal, FDR closed all of Americas banks so the federal reserve could strengthen them to ensure a problem like this would not happen again. He created the Federal Deposit Insurance Corporation so that Americans could trust their banks again and have faith that their deposits would be saved.
Stock Market: FDR created the Securities and Exchange Commission to regulate stock market exchanges and stop fraud/abuse by banks and make sure banks dont engage in illegal activities which would protect investors.
Jobs: FDR created the Civilian Conservation Corps and Works Progress Administration which created millions of jobs to the unemployed in hopes of restimulating the economy.
Social Security: Probably the biggest thing that the New Deal did was create Socia Security. This provided financial aid to people who are retired, have disabilities or are unemployed. 50% of senior citizens lived in poverty during the Great Depression so the Social Security Act ensured that senior citizens will not be forced to work their entire lives only to end up in poverty. The policy of Social Security is still used in America today.
Banks: When Hoover left office, there was a major bank crisis and 40% of banks were failed. In his New Deal, FDR closed all of Americas banks so the federal reserve could strengthen them to ensure a problem like this would not happen again. He created the Federal Deposit Insurance Corporation so that Americans could trust their banks again and have faith that their deposits would be saved.
Stock Market: FDR created the Securities and Exchange Commission to regulate stock market exchanges and stop fraud/abuse by banks and make sure banks dont engage in illegal activities which would protect investors.
Jobs: FDR created the Civilian Conservation Corps and Works Progress Administration which created millions of jobs to the unemployed in hopes of restimulating the economy.
Social Security: Probably the biggest thing that the New Deal did was create Socia Security. This provided financial aid to people who are retired, have disabilities or are unemployed. 50% of senior citizens lived in poverty during the Great Depression so the Social Security Act ensured that senior citizens will not be forced to work their entire lives only to end up in poverty. The policy of Social Security is still used in America today.