Capitalism in the Usa(New deal)

What is the New deal?

The new deal was a series of laws,policies and reforms by Franklin D Roosevelt in attempted to provide recovery reform and relief to the US

The three Rs stand for

Relief to the unemployed

Recovery to the us economy

Reform to prevent an economic crisis from occurring again

Why was the new deal introduced

-us was facing mass unemployment and poverty

-Bank failures

-homelessness

-business closures

Aim of the first new deal

Was to provide relief and recovery

What was the first New Deal

Is was the first phase of Roosevelts recovery program, after he was elected he called the American congress to make drastic decisions from March-June 1933(the 100 days)

New laws where passed to deal with the most pressing issues

Agencies that carried out most if the work where known as

Alphabet agencies

The first new deal tackled 4 areas of the economy

Financial crisis

Unemployment

Agriculture

Industrial collapse

Aim of the second new deal

Was to provide reform

Civil Conservation Corps

It gave work and taught skills to million unemployed young men from the cities. They worked on projects lasting benefits such as erosion control and tree planting.

Public Works Administration

Provided government funding to schools hospitals, other public buildings

To help farmers and tackle problems in agriculture the new deal set up two agencies

Agriculture Adjustment Administration

-paid farmers to reduce production and destroy crops and livestock

Tennessee Valley Authority

-built dams to control flooding and provide hydro electricity

Capitalism

An economic and political system in which a country's trade and industry are controlled by private owners for profit

Communism

A system where there are no poor classes and the government oversees and manages all trade