The long-term impact of the New Deal on American society primarily includes the creation of a welfare state with safety nets like Social Security and the Federal Deposit Insurance Corporation (FDIC). This initiative established a framework for federal involvement in the economy and provided support for those in need, which contributed to changes in the relationship between the government and its citizens.
While the New Deal did help address many of the issues stemming from the Great Depression and laid the groundwork for future economic policies, it did not end the possibility of future economic downturns, nor did it abolish income inequality entirely. Therefore, the most accurate statement regarding the long-term impacts of the New Deal is that it created a welfare state with safety nets like Social Security and the FDIC.