A New Deal for Coronavirus Recovery

New Deal N.R.A. 3-cent 1933 issue U.S. stamp. Bureau of Engraving and Printing - U.S. Postal Service
Author
Howard Frumkin
Year
2020
Published in
Medium Corporation

FDR’s New Deal offers a model for big, bold, Federal investments — yielding jobs, infrastructure, and hope.

In the darkest days of the Great Depression, the U.S. unemployment rate was close to 25%. Fifteen million Americans were unemployed — roughly equivalent to 40 million in today’s population. Homelessness skyrocketed, soup kitchens couldn’t serve food fast enough, and despair was ubiquitous.

President Franklin Delano Roosevelt’s New Deal lighted a bold and innovative path out of the darkness. Employment programs were key pillars of the New Deal, especially the Civilian Conservation Corps (CCC), launched in 1933, and the Work Projects Administration (WPA), launched in 1935.

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