The New Deal led to the belief that government should assume responsibility for the well-being of its citizens, expanding the federal role in the economy and creating programs that regulate and provide social welfare. therefore, option (4) is correct.
A lasting effect of the New Deal has been a belief that government should assume responsibility for the well-being of its citizens. The New Deal programs expanded the federal government's role in the economy and introduced a new perspective on the government's responsibilities.
The Roosevelt administration was pivotal in developing programs like the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC), highlighting its role in economic regulation and social welfare.
This shift in perspective was further reinforced by the creation of Social Security and other welfare programs that transferred some responsibility for the care of individuals from families and local governments to the federal government.
The complete Question is given below:
A lasting effect of the New Deal has been a belief that government should:
(1) own the principal means of producing goods and services
(2) allow natural market forces to determine economic conditions
(3) maintain a balanced federal budget during hard economic times
(4) assume responsibility for the well-being of its citizens