Editorial comment by Steve Davey
The now famous “New Deal” was a series of programs, public work projects, financial reforms and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939 in response to the Great Depression of the 1930s.
To “prime the pump” and cut unemployment, the National Industrial Recovery Act of 1933 created the Public Works Administration. In two years, the government spent $3.3 billion (worth over $60 billon today) with private companies to build 34,599 projects, many of them quite large.
Read the full article editorial in ES&E Magazine’s August/September 2020 issue: