"New Freedom" was a political philosophy and campaign platform introduced by Woodrow Wilson during his 1912 presidential election. It aimed to promote individual liberty and economic opportunity by reducing the power of large corporations and monopolies. Wilson believed that a more competitive economy would benefit the average citizen and foster social justice. The New Freedom agenda included reforms such as the establishment of the Federal Reserve System to regulate the banking industry and the passage of the Clayton Antitrust Act to strengthen antitrust laws. These measures were designed to create a fairer economic environment and empower small businesses and consumers.