By: Monika • Essay • 769 Words • February 22, 2010 • 844 Views
Join now to read essay 1930’s
During the 1930's American citizens witnessed a
breakdown of the Democratic and free enterprise
way of life. The government saw that the
free enterprise system was failing. The New Deal
increased the government's regulation and intervention
and the economic system, thus temporarily
abandoning the capitalism system and turning toward
socialism to find the answer. The answer...
the New Deal.
Socialism is usually thought of as a form
of government that advocates public ownership
and public control of wealth (Britannica Jr.
Encyclopedia 1980, p.231). In other words,
a socialistic government wants the wealth of
the nation spread out in such a way that the
money is equally distributed among the country's
citizens. Socialism is in favor
of tearing down the class structure and forming
a classless society. In this way, it was born out
of Marxism, whose founder was Karl Marx.
Leaders of the Communist Party of the Soviet
Union said that their country used socialism
as a major step towards "building communism".
However most socialist political parties in
democratic countries of the West rejected the
Communist idea of socialism. Socialists prefer
the government ownership of industries that are
vital to a country's welfare. These include the
coal, oil, iron, and steel industries. The
basic idea favored by all Socialists is the
public ownership and use of property in order
to extend the benefits of wealth more equally.
Many economic, political, and social factor lead
up to the New Deal. When staggering statistics
such as 25% unemployment, and the fact that 20%
of NYC school children were underwieght and
malnourished (World Book, p.200) hit the
White House, the government knew something had
to be done. With the economy at on all time
low people wanted change, Roosevelt's legislative
program represented a new way of government for
capitalism in America. Roosevelt first used the
term "new deal" when he accepted the
nomination in 1932. He
said "I pledge you, I pledge myself, to a new deal
for the American people." When Roosevelt became
President on March 4, 1933, business was at
a standstill and a feeling of panic hit the
nation (World Book, Vol.14, p.200). Roosevelt
responded with a controversial policy that rocked
the nation and what our nation stood for.
Roosevelt's New Deal programs aimed at three R's-
relief, recovery, and reform. The government