Tennessee Valley Authority was established under the New Deal economic policies during the first tenure of Roosevelt. It was federally owned corporation. It was aimed at providing electricity through hydro power plants. Apart from that, it was aimed at controlling floods, navigation and producing fertilizer. The Tennessee Valley economy was in a miserable condition. Therefore, the TVA was aimed at improving the economy of that region. It covered Tennessee, Alabama, Mississippi, Kentucky and some parts of Georgia, North Carolina and Virginia. It aimed at involving the community people in spreading the knowledge of use of new seeds and fertilizer. The people was involved in its administration and locally recruited. It was owned by the Federal government but the people of region had major say in its administration. It provided electricity at a cheaper rate as compared to privately owned electrical power generation companies which dominated the electricity generation in America. It encouraged industry around its region and thus the economy of Tennessee and regions around it improved.
On the whole, it is considered to be one of the successful activity of New Deal economic policies. Secondly, it represented the shift in the mindset of the American government towards the social and economic policies. Earlier American themselves did not like that American Federal government should interfere. Similar, America did not desire that in hard times people should look towards government to improve their economic condition. However, in TVA the Federal government took the responsibility of improving the economy of the region.
In success of TVA became a role model for the future economic development in which Federal government backed the financing. However, the success of TVA was not repeated. It is still in existence in America.
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