The expression New deal It belongs to the English language and can be translated as “New Deal” . That's what the US president called Franklin D. Roosevelt to economic policy that, in the decade from 1930 , implemented to minimize and reverse the consequences of Great Depression .
The origins of the Great Depression date back to October of 1929 , when the US stock market collapsed registering a historic fall. This resulted in a deep economic crisis that went from U.S to the rest of the world .
With the intention of reactivating the economy , Roosevelt launched the New deal in 1933 . It was a interventionist plan to transform financial markets and assist the most vulnerable sectors, which took place in two major stages.
He New deal it started in the '33 with concrete and fast proposals to get out of the emergency . The US president, in this framework, implemented social assistance programs and encouraged state investment. Then, between 1935 and 1938 , Roosevelt reinforced the New deal favoring the redistribution of resources through social security laws and support for trade unions.
According to historians, the New deal It was very important socially since it improved the quality of life of millions of people who were poverty Due to the Great Depression . However, they also warn that the fiscal deficit of the U.S and that failed to solve the problem of unemployment.
It should be noted that several of the measurements of the New deal They remain valid until today. Among them different government agencies born at that time that continue to function.