23-5

[] 23-5 689-693  The New Deal was an important part of Americas history into he 1930s, and even though the New Deal is over we can still see its lasting effects on today's culture. One of the areas where the New Deal made a lasting effect on our culture was in labor, and protecting workers rights. The Wagner Act and the Fair Labor Standards Act changed how workers were employed during the 1930s. They set standards for wages and hours, banned child workers, and allowed workers to bargain and organize with their employers. Today the National Labor Relations Board created under the Wagner Act continues to help labor disputes between unions and employees. New Deal policies also had a lasting affect on Farming and Banking. Under the second AAA farmers stored their crops until they reached parity which would help them earn more money. Because of this Giving farmers federal aid continued into the 1990s. The SEC and FDIC created by the Glass-Steagall banking act helped to regulate the sale of stocks and bonds, and to insure that individuals deposits would be protected against loss. Today federal banks are ensured by the FDIC for up to 100,000 dollars. Many acts that were passed in the New Deal are still around today, and if not for the new deal we would not have many of the securities that all Americans are entitled to today.