1930s Essay - 759 Words

During the 1930s 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 governments 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 countrys citizens.†¦show more content†¦With the economy at on all time low people wanted change, Roosevelts legislative program represented a new way of government for capitalism in America. Roosevelt first used the term quot;new dealquot; when he accepted the Democratic presidental nomination in 1932. He said quot;I pledge you, I pledge myself, to a new deal for the American people.quot; 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. Roosevelts New Deal programs aimed at three Rs- relief, recovery, and reform. The government established short range goals that included relief and immediate recovery, especially in the first two years. They then set up long-range goals which included permanent recovery and reform of current abuses particuarly those that produced the boom-or-bust catastrophe (World Book, Vol.14, p.748). The Congress authorized the National Recovery Administration (NRA) in a daring attempt to simulate a nationwide comeback. This scheme was to perform immediate relief with long range recovery and reform. It was designed to assist industry, labor, and theShow MoreRelated 1930-1940 Essay1098 Words   |  5 Pages1930-1940 The 1930s brought a very turbulent time to the United States. As a result of the Stock Market Crash of 1929, the nation was experiencing a severe depression. There were hard class divisions dividing the nation. People were either extremely rich or extremely poor. The middle class simply did not exist (Bondi 97). On March 4, 1933 Franklin Delano Roosevelt took office with the promise of hope and relief for struggling Americans. Roosevelt followed up his promise for help with the New DealRead MoreThe Great Depression Of The 1930s999 Words   |  4 PagesThe Great Depression of the 1930s is notably one of the greatest crises of American history. 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