The New Objectivity addressed the grievances in the Weimar Republic, such as poverty due to high inflation.
Neue Sachlichkeit was a term coined in 1923 by Gustav Hartlaub, director of the Kunsthalle, Mannheim, as the title of an exhibition he organised to demonstrate the progress of post-war painting in Germany. Instead of being abstract, such art was figurative and was marked by a world-weary cynicism without the idealistic expectations of many pre-war movements. Otto Dix and Georg Grosz were its most prominent exponents. In the 1930s, Neue Sachlichkeit was denigrated and swept away by the ideologically-inspired art of National Socialism.
Clarke, M. (2010). The concise dictionary of art terms. Oxford University Press.