Why Was The New Deal Important Than Capitalism

The New Deal was a set of documents put in place during the Great Depression to help the American economy. Though many people say that the New Deal was the salvation of Capitalism, it is clear that the American government abandoned Capitalism during this time and turned toward Socialism to find the answers to help the economy. The importance of this paper is so that hopefully, some people will read it and know the truth about the New Deal and what it really was-- a Socialist movement.

What is Socialism and how is it different than Capitalism? Socialism is where the federal government takes over the economy, the jobs, a country's trade and distributes everything out equally so that there is only one social class. People who made around $8 million

The New Deal was the set of federal programs put in place by President Franklin D. Roosevelt after he was elected in 1933, in response to the disaster of the Great Depression, and lasting until America's entry into the Second World War in 1942. FDR’s New Deal became like a promise to the American people at this time, bringing them relief, recovery and assistance to the unemployed, give life back to the economy, and to change the financial system of America to ensure that a Depression like that never happens again. Immediately after Roosevelt is put into office, he calls for an emergency Congress meeting. The next hundreds of days were spent putting programs that eventually create the New Deal. These are: The Reforestation Relief Act, establishing jobs for 250,000 young men in the Civilian Conservation Corps (CCC). The Agricultural Adjustment Act, establishing prices for farm products and paying subsidies to farmers, and the Farm Credit Act, providing agricultural loans. Federal Securities Act, which gives the executive branch the authority to regulate stocks and bonds. National Industrial Recovery Act (NIRA), which creates the Public Works Administration (PWA) and the National Recovery Administration (NRA). Those are just a few of the acts that were passed to help get unemployed and poor people jobs so that they could start pouring their money back into the government. He passed the 2nd New Deal in 1935, which included the Social Security Acts. “The Social Security program pays benefits to retired and disabled workers and their family members, and to family members of deceased workers.” (Álvarez, 1) FDR did not plan for the Social Security Act to apply to all elderly Americans, just the ones that made less than $250 a month. However, the bill was with the House Ways and Means Committee and the Committee decided to drop that part and have it available for everyone. “A larger base meant that more earnings would be credited to a person’s