It is named by opposition to classical liberalism, and serves as a intellectual backing to political liberalism, liberal-democracy? or [social democracy]?.
In Europe and the United States, starting with the increase in government intervention in the economy with the Great Depression during the 1930s, new liberals such as [John Maynard Keynes]? advocated government programs as a solution to many economic and societal problems, believing that classical free-market liberalism had failed to protect the basic rights of citizens.
See also liberalism, capitalism, United States Democratic Party.
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