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The New Deal - Online Term Paper

The New Deal


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.
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 ...

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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

Democratic presidental 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 ...

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"The New Deal." Essayworld.com. Essayworld.com, 30 Dec. 2007. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/The-New-Deal/76668>
"The New Deal." Essayworld.com. December 30, 2007. Accessed December 23, 2024. http://www.essayworld.com/essays/The-New-Deal/76668.
"The New Deal." Essayworld.com. December 30, 2007. Accessed December 23, 2024. http://www.essayworld.com/essays/The-New-Deal/76668.
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PAPER DETAILS
Added: 12/30/2007 02:45:13 AM
Category: World History
Type: Free Paper
Words: 747
Pages: 3

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