The New Deal, Then and Now. 220 10. An Evaluation of the New Deal. At the time of its construction during the Great Depression, the Hoover Dam was the largest in the world. To this day, it uses the power of the Colorado River to electrify the region. How effective was the New Deal at addressing the problems of the Great Depression? No evaluation of the New Deal is complete without an analysis of Roosevelt himself. As a leader, his skills were unparalleled. Desperate times called for desperate measures, and FDR responded with a bold program of experimentation that arguably saved the capitalist system and perhaps the American democracy. As sweeping as his objectives were, they still fundamentally preserved the free-market economy.
Observers noted that his plan went far enough to silence the "lunatic fringe," but not far enough to jeopardize capitalism or democracy. This Franklin D. The New Deal itself created millions of jobs and sponsored public works projects that reached most every county in the nation. Report broken link Report broken link.
Cengage Learning - Gale. ProQuest | Databases, EBooks and Technology for Research. EBSCOhost Online Research Databases. National Archives. Key Dates in the History of Social Security | National Academy of Social Insurance. President Franklin D. Roosevelt signed the Social Security Act on August 14, 1935. Social Security taxes were first collected in January 1937, with workers and employers each paying one percent of the first $3,000 in wages and salary.
In 1939 President Roosevelt signed legislation establishing benefits for survivors and dependents. Early retirement benefits, allowing people to draw checks at age 62, were enacted in 1956 for women and in 1961 for men. Disability payments were enacted in 1956 and initially were payable only to workers aged 50-64. Payments to divorced wives began in 1965, and to divorced husbands in 1977.
President Nixon signed legislation in 1972 authorizing a 20 percent cost-of-living adjustment (COLA) and making the COLA automatic each year. President Reagan signed legislation in 1983 providing for taxation of benefits, and for a gradual increase in the age of full retirement benefits to 67. For more information on the history of Social Security, see:
The United States Social Security Administration. Securities and Exchange Commission - Facts & Summary. To bring order out of chaos, Congress passed three major acts creating the Securities and Exchange Commission,SEC,and defining its responsibilities. The Securities Act of 1933 required public corporations to register their stock sales and distribution and make regular financial disclosures. The Securities Exchange Act of 1934 created theSEC to regulate exchanges, brokers, and over-the-counter markets, as well as to monitor the required financial disclosures. The 1935 Public Utility Holding Company Act did away with holding companies more than twice removed from the utilities whose stocks they held. This “death sentence” ended the practice of using holding companies to obscure the intertwined ownership of public utility companies.
Further, the act authorized the SEC to break up any unnecessarily large utility combinations into smaller, geographically based companies and to set up federal commissions to regulate utility rates and financial practices. SEC.gov | Home. Federal Deposit Insurance Corporation.