The New Deal in U.S.history is that period during the Great Depression in which American "capitalism" is redefined and the role of the federal government in the economy fundamentally changes forever.

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The statement accurately describes the New Deal, which was a series of economic and social reforms implemented by President Franklin D. Roosevelt and his administration in response to the Great Depression. The New Deal programs aimed to stabilize the economy, provide relief to those suffering from unemployment and poverty, and stimulate economic growth through increased government spending and regulation. The New Deal also established a new understanding of the relationship between the federal government, business, and labor, leading to the creation of a welfare state and the expansion of the federal government's role in economic affairs.