Question

The existence of the FDIC, the SEC, and the Social Security in the United States shows that:

A. the New Deal had a lasting impact on the nation.
B. Americans are not supportive of government reforms.
C. all New Deal Programs were overwhelmingly successful.
D. government programs are not likely to succeed.

Answer 1

The correct answer is A. The New Deal was a series of programs, public work projects, financial reforms and regulations enacted by President Franklin D. Roosevelt in the US between 1933 and 1936 to recover from the Great Depression. Although some programs lasted just a few years (such as the Civilian Conservation Corps, the Civil Works Administration and the Farm Security Administration, among others), the major ones are still operational (FDIC, SEC and Social Security Administration). This fact shows that the New Deal reforms in socioeconomic policies had a lasting impact in US (for example, it is estimated that the Social Security Administration currently keeps out of the poverty line approximately 40% of the American population over 65 years of age).

Answer 2

The correct answer is option A. the New Deal had a lasting impact on the nation.

The FDIC (Federal Deposit Insurance Corporation) the SEC (Securities and Exchange Commission) and Social Security were all programs and agencies that started under president Rosevelt´s "New Deal" economic reform for the United States of America.

Through the creation of these agencies, programs, and regulations America has been able to achieve a fairly stable economy for almost 80 years. This economic reform represented the first time the U.S. Government became an active agent within the workings of the economic system.