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New Deal

economic programs of U.S. president Franklin D. Roosevelt

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About New Deal

The New Deal refers to a series of economic, social, and political reforms in response to the Great Depression in the United States under the first and second administrations of President Franklin D. Roosevelt. Following a demand-side economic theory, Roosevelt sought to utilize the authority of the federal government to increase spending and introduce programs to spur growth and combat issues specific to the depression, such as unemployment, labor relations, financial reform, and social welfare.

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Facts from Wikidata (CC0). Image by LordHarris at English Wikipedia via Wikimedia Commons (Public domain).

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