The economic measures introduced by Franklin D. Roosevelt in 1933 to counteract the effects of the Great Depression. It involved a massive public works programme, complemented by the large-scale granting of loans, and succeeded in reducing unemployment by between 7 and 10 million.
Definition of New Deal in US English:
New Deal
proper nounnjuːˈdiːl
The economic measures introduced by President Franklin D. Roosevelt in 1933 to counteract the effects of the Great Depression. It involved a massive public works program, complemented by the large-scale granting of loans, and succeeded in reducing unemployment by between 7 and 10 million.