Key Legislation of the 2nd New Deal

Key Legislation of the 2nd New Deal - the top income tax...

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Key Legislation of the 2 nd New Deal – A New Deal for the Dispossessed Social Security Act (1935) provided insurance for the unemployed and those too old to work. It was not welfare; rather, workers paid into the system through payroll taxes. Emergency Relief Appropriations Act (1935) (includes Works Progress Administration) – Large-scale public works program for the jobless National Labor Relations Act, aka Wagner Act (1935), was a federal guarantee of the right to organize trade unions and collective bargaining. There had been nothing like this previously in U.S. history . The Revenue Act of 1935 levied graduated taxes upon rich individuals and large corporations in proportion to their ability to pay. It increased gift and estate taxes, raised
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Unformatted text preview: the top income tax rates from 59 to 75 percent, and imposed a corporate income tax. According to Freidel, It by no means brought marked redistribution of wealth; it was at the most something of a counterbalance to the regressive new social security taxes and the proliferation of state sales taxes on consumers (167). Resettlement Administration (1935) Relocation of poor rural families and reforestation and soil erosion projects National Housing Act (1937) Federal funding for public housing and slum clearance Fair Labor Standards Act (1938) Federal minimum wage and maximum hours; no child labor...
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This note was uploaded on 05/11/2010 for the course GCU 81301 taught by Professor Shaeffer during the Spring '09 term at ASU.

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