Benefits Of The New Deal

The New Deal, addressing plans to dissipate problems caused by the Great Depression, in many ways enhances society. Proposed by Franklin D. Roosevelt, he believes that the government works for the good of the people. Opportunities are not distributed among the people evenly; large corporations dominate the US economy, in a “steady course toward economic oligarchy,” or having a small group of people having control of the country (1). However, businesses gain success from an adequate consumption of their products, which is carried out by the stability of all classes. Therefore, the New Deal generated a plan for social security, establishing unemployment insurance and old age pensions to promote stable economic life and the general welfare.
Unemployment insurances, assistance for men and women without jobs, are necessary parts of the New Deal plan to produce economic security. “In the event of unemployment, the worker is paid 50% of his wages weekly for a period of 16 weeks in any 52 weeks” (6). Those wary of the unemployed taking advantage …show more content…
“Old age benefits… are to be paid to individuals who have worked and contributed to the insurance fund in direct proportion to the total wages earned by such individuals in the course of their employment” (6). These pensions are not loosely given, but rather specifically to those who have contributed much during their time of labor. Additionally, the amount they receive corresponds to what they earned prior to unemployment, therefore there is no chance of them being overpaid. Old age benefits receive contributions from both employees and employers at a rate of 3% of the total wage paid to the employee. The mere 3% will do much to rejuvenate the nation’s economy and aid those in need who do not own as much stability as those with jobs. With this in mind, the health, peace, and safety of citizens can finally be