In page navigation

New Deal

Updated: Aug 20, 2021

The U.S. Federal government under President Roosevelt began, in 1933, a num ber of projects designed to give financial assist­ance and work to the large num ber ofpeople thrown out ofemployment by the great depression, which followed the stock market collapse on Wall Street in 1929. This change of policy was called the New Deal. It met with a certain amount of opposition, because it led to budget deficits.

Reference: The Penguin Dictionary of Economics, 3rd edt.

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.