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Did The New Deal Strengthen Or Weaken The Usa Capitalism Essay

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To what extent did the New Deal strengthen or weaken the US capitalism
During the 1930’s, America fell into the worst depression in history, there was a widening gap in the economy and a huge concern of an impending revolution. President Franklin D. Roosevelt’s “New Deal” was a movement aimed at providing dynamic reform without revolt or bloodshed.
When Roosevelt was elected as President in 1933, most Americans believed that he could rescue the economy and relieve the effects of the Great Depression. The introduction of the “New Deal” was an initiative aimed at getting America back on its feet. Roosevelt wanted to deal with the crisis in a practical way, dealing with each unsettled issue separately. The New Deal was sub-divided into two New Deals.
The First New Deal was launched on 6 March 1933, two days after Roosevelt became President. The first proposal was to conclude the banking industry crisis that was created by the depression. On March 9, Roosevelt closed all banks in an effort to stop people from withdrawing their money from unstable banks. The Emergency Bank Act was passed which reorganized the banks and closed the ones that were in debt. Three days later, he urged Americans to put their savings back in the bank and by the end of the month, almost three quarters of them had reopened. The banks that experienced bankruptcy issues were …show more content…

The Civilian Conservation Corps (CCC) was created for young men between the ages of 18-25. They were based in camps all over the country and given tasks to preserve the country and improve public facilities for a small income. Their earnings helped to keep them and their families from starvation. Although similar programs, like the Civil Works Administration and Public Works Administration assisted in providing jobs for the unemployed and improving the national infrastructure, the CCC was the most illustrious of all Roosevelt’s federal

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