What Is the New Deal? Discuss the Impact of the New

What is the New Deal? Discuss the impact of the New Deal measures on businesses.D.Roosevelt tried to usher in after being elected.Corporations fought his efforts to regulate banking and industry,strengthen labor unions,and enact Social Security.Leaders of many firms formed the anti-Roosevelt American Liberty League campaign against the New Deal measures.But,corporate opposition to New Deal measures ran counter to public sentiment.It became ineffective and was sometimes disgraceful.Much New Deal legislation was profoundly egalitarian and humanitarian and reasserted the tradition of agrarian idealism.Because business lacked a positive philosophy for change,its political power was greatly diminished.The New Deal was a political sea change born out of the Great Depression.One lasting legacy of the era was the philosophy that government should be used to correct the flaws of capitalism and control the economy.Government would also be used to create a "welfare state" to protect citizens from want.Whereas,in the past,government had kept its hands off corporations,now it would actively use interest rates,regulation,taxes,subsidies,and other policy instruments to control them.Whereas,in the past,most domestic spending had been for infrastructure programs that promoted business,spending would increasingly focus on social programs such as Social Security.These changes laid the groundwork for an increasingly large,powerful,and activist federal government.