What Have Been the Long-Term Legacies of the New Deal

question 121

Essay

What have been the long-term legacies of the New Deal? What major historical assessments have been made of it?

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Definitions:

Overhead Efficiency

A measurement of how effectively a company uses its overhead costs in generating revenue.

Fixed Overhead Budget

A plan for the fixed costs involved in operating a business, which do not vary with levels of production or sales.

Standard Machine-Hours

The predetermined amount of time that machines are expected to operate to produce a set quantity of goods.

Variable Overhead Rate

Variable overhead rate is the ratio of variable overhead costs incurred for every unit of activity or a specific measure of activity, such as labor hours.