Due to the 1929 crisis that the United States of America faced, the New Deal was created, with the intention of the state intervening in the economy, where it was liberal, that is, the North Americans lived the so-called economic liberalism where the state does not intervene in economic activities. This was the biggest factor in ending liberal capitalism.
The "new deal" was a set of measures created under the government of Franklin Delano Roosevelt (1933-1945), which was inspired by the ideas of the economist John Keynes where he aimed to take economic measures that would guarantee the full employment of workers. Keynes also advocated a redistribution of profits so that the purchasing power of consumers would increase according to the development of the means of production.
<u>The New Deal covered agriculture, industry and the social area. Among the main measures were:
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Granting loans to ruined farmers to pay their debts and reorder production;
Production control aiming at maintaining product prices;
Setting prices for basic products, such as coal, oil, cereals, etc.
Carrying out several public works to create new jobs, targeting the millions of unemployed.
Increase in the salary of employees;
Creation of an unemployment wage to alleviate the situation of the unemployed's misery;
8-hour workday;
Legalization of unions;
Eradication of child labor;
Creation of social security;
This program did not completely resolve the economic crisis, but it maintained stability. As of 1935, the country's economy was reestablished, but it was only fully restored with the Second World War.
