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Economic effects on America during the great depression
Great Depression in the United States effects
Great Depression and its impacts on the economy
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The Tennessee Valley Authority (TVA) provides electric power to millions of families in the southeastern U.S. at reasonable prices. It is a government corporation founded during the Great Depression. The TVA does not run off taxpayer money and does not make profits from its services. This corporation is helpful with flood control, navigation, and land management for the Tennessee river system. The TVA also helps with economic development in the seven southeastern states.
President Franklin Delano Roosevelt founded the TVA during the Great Depression as one of the solutions for bringing the nation out of its great debt. The TVA proved to be one of his greatest creations. The TVA was intended to provide jobs for the southern US while boosting
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the economy. He asked Congress to create “a corporation clothed with the power of government but possessed of the flexibility and initiative of a private enterprise.” The corporation took an innovative step towards resource management that had yet to be implemented in America. The act for the foundation of the TVA was passed in May of 1933 after the government assessed every possible weakness it might have. After its foundation, the TVA ranked the issues it planned to address by importance. Some of these issues included power production, navigation, flood control, malaria prevention, reforestation, and erosion control. The TVA kept its strategy of weighing issues long after its establishment as problems changed.
The Great Depression took a toll on the Tennessee Valley region and the land was hardly fruitful. It had been farmed for too long using insufficient management techniques and was basically barren. The TVA developed fertilizers and taught farmers the proper techniques to yield from the land while keeping it sustainable. It promoted great wildlife and fishery management methods so that the ecosystem would flourish. The greatest benefit of the TVA was the generation of electricity for rural homes, bringing the south into the modern generation. The power it provided brought industry to the Southeast and the jobs that came with the new industries. During WWII, the TVA was part of the massive effort to construct aircraft and other war materials. The huge production efforts brought the TVA to its peak of nearly 30,000 construction …show more content…
workers. When WWII ended, the TVA created a navigation channel that ran the length of the Tennessee river and supplied electricity by water. This became the largest supply of electricity in the nation. In 1959 the TVA became a self-financing entity. Economic growth skyrocketed in the 60’s thanks to the Tennessee Valley Authority. Following the war, the TVA built nuclear plants to feed the nation’s growing demand for power. In the 70’s, an oil embargo made fuel costs increase and the TVA responded by improving the efficiency of its workforce and cutting power prices. In the 80’s, the TVA had countered the rise in power rates and set the standard for rate stability that would last.
They produced a cleaner, more environmentally friendly way to produce power. The new methods encouraged even more economic growth. The focus remained on environmentally friendly service in the early 2000’s, but the TVA seamlessly adapted to changing business and marketing demands.
In the year 2010, the TVA unveiled their plan to become a leading provider for low-cost, clean energy at the end of the decade. TVA is currently working towards this goal by meeting three specific sub goals; Lead the nation in improving air quality, increased nuclear production, and lead the Southeast in increased energy efficiency. The corporation is meeting these goals currently while keeping their promise to remain affordable and promoting excellent economic development. The TVA spans across seven states in a massive service region. They provide efficient power for millions of
residents. The TVA began as a desperate attempt to save the Southeastern US during the Great Depression. It grew from a humble beginning to a leading national competitor for clean power and cost affordable energy. It brought agricultural success and modern conveniences to the rural southern states. It helped America win WWII by aiding in the building of Warcraft. The TVA brought jobs to unemployed men and women and put food on their family’s tables. The corporation jumpstarted economic growth in the Southeast and drove them into the new century. The TVA has changed the framework of our nation for the better and will continue to do so through reliable and efficient service.
Point 2: What this area was like before the encampment, why was this area so important during the Revolutionary War: (Location to Philadelphia, supply lines, and topography of the land.)
The domestic policies and administrations of Franklin Delano Roosevelt and William Jefferson Clinton are in some ways similar, but in other ways very different. The two men were very domestic-oriented presidents, focusing largely on America, and not the outside world. Both Democrats, they supported Federal Government programs to aid the American People. These programs were not necessary, but the presidents felt that they would aid Americans. Roosevelt created many jobs for the unemployed. He did this with such acts as the Unemployment Relief Act, which created the Civilian Conservation Corps, the Civil Works Administration gave temporary jobs to the unemployed during an especially harsh winter, and the Works Progress Administration spent about $11 billion employing people to work on government projects. Roosevelt also provided for money to be given to states to help increase employment. This includes the Federal Relief Administration, that gave $3 million to states to pay wages for work projects as well as direct dole payments. The Tennessee Valley Act dammed up the Tennessee river and created jobs, inexpensive hydroelectric power, cheap nitrates, improved navigation of the river, low cost housing, reforestation, and the restoration of eroded soil.
This bill provided jobs, electrical power, and flood control for the cities around the Tennessee Valley. The Tennessee Valley is a drainage basin for the Tennessee river in the southeastern United States. During the Great Depression this area suffered from flooding,,the ability to provide electricity, and lack of forest. The Tennessee Valley Authority Act pushed out to build dams on the river for electricity, to control the flooding, and much more. Because of the act, it brought more jobs to the Tennessee Valley and revived the Valley. Today the TVA is the largest public power company in
Power was provided by the TVA for many Southern states that lacked it. Attempting to regulate businesses that were less effective, the public overwhelmingly supported Roosevelt, because he took matters into his own hands. Franklin D. Roosevelt was elected to four presidential terms.
The Civilian Conservation Corps and the Tennessee Valley Authority had positive impacts on work and the environment during the great depression. The bill proposing the Civilian Conservation Corps was voted on and passed on March 31, 1933 under President Franklin Delano Roosevelt. In addition, the Tennessee Valley Authority was formed May 18 of this same year to work on easing environmental strains in the Tennessee Valley. Roosevelt’s goal when he became president was to improve the economy and environment, and to help raise America from the depression. When he had been governor of New York he had created a public works program similar to the TVA on a smaller scale and it had been met with success. As a result he was encouraged to expand that idea to the Tennessee Valley. The TVA was able to hire many people and remain largely self-sufficient by selling electricity to millions of people in the surrounding area. The selling of electricity was made possible by the Public Utility Holding Company Act (PUHCA), which prevented monopolies through public ownership by the government. These programs continued to be very successful throughout the Great Depression and on August 31, 1935, the number of workers in the CCC reached its peak. As the depression ended and more jobs became readily available, the programs started to become less popular, and in 1940 the CCC officially ended.Despite the program’s popularity, the TVA’s constitutionality was called into question in the 1936 supreme court case Ashwander vs. Tennessee Valley Authority. The TVA was declared constitutional a few months after the accusations (Shlaes 238), 208. A few years after the CCC had, the TVA reached its peak of production having more than 28,000 people working on var...
During the late 1920s, in October 1929, the stock market crashed which led to the Great Depression. By winter 1930 through 1931, four million people were unemployed; by March 1931, eight million. By the year 1932, when President Franklin Delano Roosevelt was elected, the national income was half that of 1929; there were twelve million unemployed, moreover, there were one of four. Within two weeks of his inauguration, in the year 1933, FDR reopened three-fourths of the Federal Reserve Banks and tried to save the economy. Many called Franklin Delano Roosevelt's administration "the Alphabetical Administration; it was often ridiculed because it seemed to have so many different organizations designated by different groups of letters.” (Witham 48) For example, the C. C. C., the Civilian Conservation Corps, started in the year 1933 and found jobs for over 250,000 men. The Federal Emergency Relief Act, or F. E. R. A., started in the year 1933, led by Harry Hopkins put $500 million back into circulation. By the year 193...
The most important reform was the Tennessee Valley Authority (TVA), instituted in 1933. This public corporation built multipurpose dams to control floods and generate cheap hydroelectric power. It manufactured fertilizer, fostered soil conservation, and cooperated with local agencies in social experiments. The TVA reflected Roosevelt's commitment to resource development and his longstanding mistrust of private utilities.
The Great Depression was one of the greatest challenges that the United States faced during the twentieth century. It sidelined not only the economy of America, but also that of the entire world. The Depression was unlike anything that had been seen before. It was more prolonged and influential than any economic downturn in the history of the United States. The Depression struck fear in the government and the American people because it was so different. Calvin Coolidge even said, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man." People were scared and did not know what to do to address the looming economic crash. As a result of the Depression’s seriousness and severity, it took unconventional methods to fix the economy and get it going again. Franklin D. Roosevelt and his administration had to think outside the box to fix the economy. The administration changed the role of the government in the lives of the people, the economy, and the world. As a result of the abnormal nature of the Depression, the FDR administration had to experiment with different programs and approaches to the issue, as stated by William Lloyd Garrison when he describes the new deal as both assisting and slowing the recovery. Some of the programs, such as the FDIC and works programs, were successful; however, others like the NIRA did little to address the economic issue. Additionally, the FDR administration also created a role for the federal government in the everyday lives of the American people by providing jobs through the works program and establishing the precedent of Social Security...
Alabama: A Documentary History to 1900 states “it is a truism that the Civil War altered the economic life of the south” (Griffith, Alabama: A Documentary History to 1900). Before the Civil War Alabama’s economy many depended on agriculture and a work force of slaves. A new south had been created that brought “free labor and greater diversification” (Griffith, Alabama: A Documentary History to 1900). This is in part due to the boom in the iron industry. Mills and mines had existed before the war, although not as influential as they became after the war. Even though cotton was still the dominant export of Alabama, coal iron and steel were becoming an increasing source of income (Griffith, Alabama: A Documentary History to 1900).
When he took office, 'the nation was in the fourth year of a disastrous economic crisis' and 'a quarter of the labor force was out of work [and] the banks had been closed in thirty-eight states' (Greenstein 16). In order to remedy these problems and restore trust in the government, FDR enacted the New Deal in the Hundred Days legislation. Many of the programs created in the legislation are still around today in some form, continuing to show FDR's influence on the modern presidency. Such programs as the Works Progress Administration and the Tennessee Valley Authority helped poor Americans unable to get jobs or afford the luxury of electricity. These programs were some of the major reasons FDR was so popular during his terms in office.
President Roosevelt initiated the only program that could pull the U.S. out of the Great Depression. Roosevelt’s New Deal got the country through one of the worst financial catastrophe the U.S. has ever been through. Diggerhistory.info biography on FDR states,” In March 13 million people were unemployed… In his first “Hundred Days”, he proposed, and Congress enacted, a sweeping program to bring recovery to business and agriculture, relief to the unemployed and those in danger of losing their farms and homes”(Digger History Biography 1). Roosevelt’s first hundred days brought relief to the unemployed. He opened the AAA (Agriculture Adjustment Administration) and the CCC (Civilian Conservation Corps.). The administration employed many young men in need of jobs all around the country. Roosevelt knew that the economy’s biggest problem was the widespread unemployment. Because of Roosevelt’s many acts and agencies, lots of young men and women around the country were getting jobs so the economy was healing. According to Roosevelt’s biography from the FDR Presidential Library and Museum, “Another Flurry of New Deal Legislation followed in 1935, including the WPA (Work Projects Admi...
The Metropolitan Atlanta Rapid Transit Authority (MARTA) is one of the largest transit systems in the United States. It is the ninth largest system, transporting over 550,000 passengers daily. MARTA provides bus and rapid rail service to the most of the metropolitan area of Atlanta. The transit agency was established in 1971 with the passage of an authorizing referendum by voters in Fulton and DeKalb counties and the city of Atlanta. MARTA is a public authority that operates under Georgia law. The agency is governed by a board of directors with representation from several counties including Fulton, DeKalb, Clayton, and Gwinnett as well as the city of Atlanta. MARTA has approximately 4,500 employees. The majority of MARTA's operating revenues come from fares and a sales tax from customers.
In a time of dire need there is always at least a sliver of hope that remains, a light that never goes out despite the darkness around. If this is the case, for a time such as the Great Depression than what was that “sliver of hope” or that “light in the darkness”, so to speak? Although President Franklin Delano Roosevelt’s other efforts are much appreciated, the “light” of the Great Depression is, hands down, the Works Progress Administration. Why? The Great Depression was a time of despair and unfortunate events for all citizens of the United States; left and right, the homeless and the jobless were seen forlornly sauntering the streets seeking jobs that could and would not be found. It is in this instance that the Works Progress Administration takes the stage, created by President Franklin Roosevelt, the WPA’s sole reason of existence was to employ the jobless by funding public works projects. With these projects the unemployed were given jobs and projects were carried out such as the photography projects of the Farm Security Administration. Among the most famous photographers of these projects are Dorothea Lange, Walker Evans, and Russell Lee.
The economy in the south grew exponentially after reconstruction or, during the “New South” period. During this time the South became more industrialized and operations tha...
Hirsch, Sven, and Cornelia Daheim. "The Meaning Of Clean Electricity." World Future Review (World Future Society) 4.2 (2012): 96-101. Academic Search Complete. Web. 6 Feb. 2014.