Before the Great Depression, the government often did not involve itself in financial affairs of the American citizens. This meant they did nothing to assist people financially. However, the Depression was a time which changed this previously held ideology. President Roosevelt came up with the New Deal, a major contributor to creating government involvement in the finances of United States citizens, in order to assist them through financial troubles caused by the depression.
The government began assuring that banks would not lose money that people had deposited, and that people would have money to live off of later with Social Security.
This New Deal has remained a large part of government financial affairs even today.
Do you think the New Deal has caused us to become too reliant on the government?
ReplyDeleteIt's can be a topic of controversy, but I wouldn't say so. The New Deal has been beneficial to the people in my opinion.
Delete