Capitalism Vs Communism

Communism and capitalism are two forms of government that are vastly different but used by many nations. The United States and the former Soviet Union were ran by two economic systems that were on two different sides of the spectrum because of how vastly different they were. The Soviet Union used a political system that would allow government to control everything, including the means of production, where people were allowed to live, and even what career people were allowed to go into to. Communism is a political system that controls every aspects of the lives of every citizen that has to live under that government. The Soviet Union thrived with this system for as long as it possibly could, but ultimately it collapsed. After the Soviet Union’s
The final day of the Soviet Union that most people remember it for was on Christmas day 1991, representatives from eleven of the Soviet states had a meeting and decided to leave the Soviet Union (Fall of Soviet Union, 2011). After leaving the Soviet Union they all became their own countries allowing each country to have its own beliefs. This worked out better because they did not have conflicting beliefs that eventually would have led to a bigger conflict than what was already coming from it. Only the republic of Georgia decided to remain with the Soviet Union. The fall of the Soviet Union was largely because of the reforms that were proposed by Mikhail Gorbachev and he was ultimately disappointed that the once mighty Soviet Union was no more (Zubok,
The Great Depression took place during the 1930s and it began when the United States stock market crashed in October 1929. The day of October 29, 1929, is known as “Black Tuesday” due to a record number of stocks being sold from people panicking. Due to this, the industrial output declined and the unemployment increased at a rate no one had seen up until that point (Toman, 2012). At the peak of the depression, some thirteen to fifteen million Americans were unable to find work. The president at the time was Franklin D. Roosevelt and he came up with a plan that was to help the banks from failing and allow the Federal Reserve time to help them. With the Great Depression, the Federal Reserve didn’t have enough money to help the banks recover from all of the money that they had lost and also they weren’t able to government workers. The first New Deal that Roosevelt had come up with did not work as well as he had hoped and the American people were not happy because the unemployment rate continued to rise. Due to this, he proposed a more aggressive Second Deal Plan in order to help the unemployed citizens. The Works Progress Administration was started in order to help people find jobs and was not allowed to compete with private businesses. In 1935, he passed the Social Security Act which gave pensions to millions of American citizens which allowed the government to care for