New Deal

Definition of New Deal

The Canada social science dictionary [1] provides the following meaning of New Deal: When Franklin D. Roosevelt was elected president of the United States in 1932 he said: ‘I pledge you, I pledge myself, to a new deal for the American people.’ The new deal refers to the unprecedented government initiatives to stimulate industrial recovery from 1933 to 1939. These new programs and reforms of programs were designed to assist victims of the depression, to guarantee minimal standards of living, to provide financial stability for citizens and to create employment and economic growth. For example, the Social SECURITY Act of 1935 set up a system of old-age pensions and unemployment insurance. This period can be seen as the beginnings of the welfare state in the United States. See: WELFARE STATE in this legal dictionary and in the world encyclopedia of law.

New Deal: Resources

Notes and References

• Drislane, R., & Parkinson, G. (2016). (Concept of) New Deal. Online dictionary of the social sciences. Open University of Canada