How Did The New Deal Affect The Economy Of The 1930s

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The 1930s weren’t as glamorous as the 1920s, but were an advantageous period of time for motion-picture, radio industries, and artists and writers alike. Movie theaters premiered popular genres such as wacky comedies, lavish musicals, romance, and gangster films, all of which attracted moviegoers during the New Deal years. The radio industry, which exemplified the democratic spirit of the era, offered a plethora of dramas and other programs for families all across the nation. In fact, “Orson Welles, an actor, director, producer, and writer, created one of the most renowned radio broadcasts of all time, “The War of the Worlds” (Danzer et al. 511). Artists and writers also gained much momentum during the 1930s, many of them receiving support …show more content…

For one, FDR and his administration extended the reach of the federal government and the president in economic affairs. With specific agencies such as the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC) in addition to “infusing the nation’s economy with millions of dollars, by creating federal jobs, by attempting to regulate supply and demand, and by increasing the government’s active participation in settling labor and management disputes,” the administration helped to re-regulate the economy by repairing banking and investment issues and give hope to a broken people (Danzer et al. 517). For example, the SEC continues to regulate the stock market and maintain laws regarding the sale of stocks and bonds, while the the FDIC, which was established under the Glass-Steagall Act of 1933, continues to keep banking in check by ensuring that peoples savings are protected in case of a bank failure. The Wagner Act and the Fair Labor Standards Act were perhaps among the few exceptional programs that transformed American society permanently, specifically by ensuring the protection of workers’ rights. These pieces of legislation “set standards for wages and hours, banned child labor, and ensured the right of workers to organize and bargain collectively with employers” (Danzer et al. 518). In contemporary society, the NLRB continues to keep union and employer disputes in check. Collectively, these pieces of legislation would lead America out of the Great Depression and down a new path of

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