The Tennessee Valley Authority Act was signed by President Franklin D. Roosevelt on May 18, 1933 as a part of the New Deal and owned by the federal government. The program built its dams in the Tennessee River Valley which ran through portions of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
This is so cool having a job working on dams for the TVA!
The TVA was intended to provide flood control, reforest and improve marginal farm land and assist in industrial and agriculture development.
Time to leave my affordably electrified home to go to my new job with the TVA!
It built dams in different places to provide more stable irrigation and create hydropower, where fast moving water was converted to electricity to sell to the people at cheap prices.
Come on guys let's get this new nine membered board meeting started!
The TVA is a recovery and reform act. It is recovery because it provided cheap electricity that people could actually afford during hard times. It was allowing people to actually buy and pay for things again. It was reform because it caused the long term changed of the government to get involved in the electricity business.
The TVA was a success because it eased some of the hardships in multiple states with its extremely affordable electricity prices provided to millions of people. It gave the people jobs and opportunities to rise up out of the Great Depressions privations.
The TVA has continued to succeed into the modern times, but has endured slight changes since the 1930s. In 2005, the corporate governance structure was changed by congress through legislation. It established a new nine member, part time board that replaced the original three member, full time board.