Milton Friedman was the last of four children born to Jewish immigrants from Austria-Hungary. After getting his Bachelor of Arts degree at Rutgers and his master's at the University of Chicago, he went to work for the New Deal, a series of programs designed by U.S. President Franklin D. Roosevelt to provide relief to and recovery from the effects of the Great Depression. While Friedman was in favor of the New Deal overall, he was opposed to most government programs and price controls.Versailles.