The New Freedom policy of U.S. President Woodrow Wilson promoted antitrust modification, tariff revision, and reform in banking and currency matters.

This policy stood in direct opposition to former President Theodore Roosevelt's ideas of New Nationalism, particularly on the issue of antitrust modification. According to Wilson, "If America is not to have free enterprise, she can have freedom of no sort whatever." In presenting his policy, Wilson warned that New Nationalism represented collectivism, while New Freedom stood for political and economic liberty from such things as trusts. Although he and Roosevelt agreed that economic power was being abused by the American government, Wilson's ideas split with Roosevelt on how the government should handle the restraint of private power, as in through dismantling corporations that had too much economical power in a large society.

The New Freedom, A Call For the Emancipation of the Generous Energies of a People, by Woodrow Wilson was published in 1913.