I need at least 3 reasons why...I understand it has something to do with the New Deal programs, but how exactly did it help...
Thanks for help in advance...and please no smart *** answers. If your not going to help please don't comment.
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1. The FDIC insures people's savings and has helped to restore faith in the banking system. While this latest recession has proven that the banks still have their problems, individuals were protected.
2. The Securities and Exchange Commission is supposedly our watchdog over the financial markets to ensure fair trading practices. Again, the recession revealed some of the problems that have recently cropped up but hopefully these have been somewhat addressed and they will keep a closer eye on the financial institutions.
3. Thanks to programs like the TVA and WPA, our nation's infrastructure was strengthened and that has helped us to create a broader and stronger economy throughout the nation. Our infrastructure could certainly use another shot in the arm to move us into the 21st century but it has not happened yet to the extent that it needs to.
4. Social programs such as Social Security bring a lot of money into the economy. Most of the payments made in Social Security go out quickly to pay bills and buy products. Consumer spending is a major driving force in economic growth.
I hope that this helps a little. Good luck!!