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English definition of “new deal”

new deal

noun [S] (also New Deal)
 
 
ECONOMICS, GOVERNMENT
the New Deal a set of actions taken by US President Franklin D. Roosevelt in the 1930s, intended to help the economy when it was in great difficulty: Roosevelt's New Deal cultural programs marked the U.S. government's first big, direct investment in cultural development.
a set of actions by the UK government designed to help the unemployed: The scheme would cover the New Deal programmes for young people and for the long-term unemployed.
(Definition of new deal from the Cambridge Business English Dictionary © Cambridge University Press)
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