The foundations of Western capitalism. The New

The opinions expressed in this paper are my own (as student)and do not in any way represent the opinions and attitudes of the country or college. I would like to thank my professor Helen Goffas and rest my classmates for reading earlier discussion and providing valuable comments.
During the 1930’s, America had massive witness of a breakdown of the Democratic and free enterprise system as the United States fell into the had a worst depression in its history. The economic depression that beset the United States and in the same time in other countries was highly unique in its severity and its consequences. At the depth of the depression in 1933, one American worker in every four was out of a job. The great industrial slump continued throughout the 1930’s, shaking the foundations of Western capitalism. The New Deal program expressed by US president Franklin D. Roosevelt that he promised it during his election for the American people, and from 1933 to 1939 of help, recovery, and reform. These were the new policies aimed to help the economic problems created by the depression of the 1930’s.

in first two years the new deal was mainly concerned with relief, setting up shelters and foods to feed the millions of unemployed. In the period progressed time focus shifted towards recovery to accomplish the monumental task, several agencies were created. The National Recovery
I Pledge You, I Pledge Myself
When Roosevelt was nominated, he said, “I pledge you, I pledge myself, to a new deal for the American people.” to stimulate industrial recovery the New Deal included federal action was unprecedented scope and to assist victims of the depression provide and guarantee minimum living standards, and prevent future economic crises Many economic, the political, and the social factors lead up to the New Deal. Most of the unemployment rate, and the fact that most of the NYC school children were under weight and malnourished, and it made clear that an immediate action was necessary. (NRA) administration was the keystone of the early new deal program launched by Roosevelt. It created in June 1933 under the terms of the National Industrial Recovery Act. that NRA permitted businesses to draft “codes of fair competition,” with presidential approval, which regulated prices, wages, working conditions, and credit terms

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