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In: Economics

Discuss FDRs new deal programs and their similarity to typical communist programs in the Soviet Union

Discuss FDRs new deal programs and their similarity to typical communist programs in the Soviet Union

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Expert Solution

The US economy was shattered during 1933 as a result of the Great Depression. In order to revive the economy FDR introduced the concept of New Deal Programs. The new deal programs ensured social security . Farmers were given training through educational programs along with that the policy also aimed resettlement of the poor farmers. A minimum wage was set for the workers along with a limit to the maximum working hours. Several programs for the unemployed and the for the youth has been rolled out under the new deal programs. Measures to regulate the financial sector was also put forward.

The new deal programs had much similarities with the typical communist programs. The program gave more emphasis on the notion of collectivism rather than capitalism. The various regulations which was made on the economy and the various social security measures created the concept of a welfare state. This was one which is related to the concept of communism. The upliftment of the workforce was also one of the program which had much similarity with that of the one adopted by the Soviet Union.


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