Capitalism the End of the Term Paper

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In terms of unemployment, a new program was introduced which aimed at reducing the number of people without jobs. The Civilian Conservation Corps represented an initiative with two aims. On the one hand, it offered young people in particular new jobs, and on the other hand it fought against erosion of the soil, as the plan had initially been. More precisely "Accepting the Presidential nomination on July 1, 1932, New York Governor Roosevelt planned a fight against soil erosion and declining timber resources, utilizing the unemployed of large urban areas" (Civilian Conservation Corps Alumni, n.d). This was a useful endeavor as it helped the unemployment rate and the environment at the same time because it offered the possibility of the plantation of over 3 billion trees in less than ten years (Civilian Conservation Corps Alumni, n.d).

Another important measure taken during this period was in the agricultural sector. This was one of the most contested measures taken during this time because it implied subsidizing the agricultural work. The threat of communism was looming especially as most European countries came to have an increasing number of Communist parties that had more and more adherents.

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For the United States though, it represented a real threat particularly because the Russian Communist Party had totally different ideas that those of the U.S. Therefore, the measures taken by Roosevelt were viewed with a lot of skepticism because, in a way, he used similar methods the socialist development strategy had used. An additional fact was Roosevelt's idea that the state intervention can be benefic for the society (Jenkins, 1997). However, despite the fact that in the end the Agricultural Adjustment Act proved effective for the lowering of the agricultural production, it allowed the state to create a tradition in the control of what was before the crisis a liberal and uncontrolled market.

Overall, it can be concluded that the Great Depression of 1929 represented a change in the way in which the society was viewed as a whole. The employment profiled changed, the role of the state increased, but most importantly, it was realized that the economies of the world are interconnected and vulnerable to outside and inside changes.

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