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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 answerthe New DealSocialism is usually thought of as a form of government that advocates public ownership and public control of wealth 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 Socialism is in favor of tearing down the class structure and forming a classless society In this way it was born out of Marxism whose founder was Karl Marx Leaders of the Communist Party of the Soviet Union said that their country used socialism as a major step towards building communism However most socialist political parties in democratic countries of the West rejected the Communist idea of socialism Socialists prefer the government ownership of industries that are vital to a countrys welfare These include the coal oil iron and steel industries The basic idea favored by all Socialists is the public ownership and use of property in order to extend the benefits of wealth more equally Many economic political and social factor lead up to the New Deal When staggering statistics such as 25 unemployment and the fact that 20 of NYC school children were underweight and malnourished hit the White House the government knew something had to be done 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 new deal when he accepted the Democratic presidential nomination in 1932 He said I pledge you I pledge myself to a new deal for the American people When Roosevelt became President on
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