(a) "An Act to Improve the Navigability and Flood Control of the Tennessee River: To Provide for Reforestation and the Proper Use of Marginal Lands in the Tennessee Valley; to Provide for the Agricultural and Industrial Development of Said Valley; and to Provide for the National Defense by the Creation of a Corporation for the Operation of Government Properties at and Near Muscle Shrine" May 18, 1933, in the State of Alabama, and for Other Purposes".
(b)Insert Picture —Tennessee Valley Authority Act, 1933
(c) Daytonians have been laboring for years with an out-of-date municipal electric system that got its power from a nearby sawmill's steam plant. The city had already been forced to pay for new equipment without having any say in how it was managed. . In 1934, the city was asked to contribute funds to the repair of this dilapidated private plant, which was on the verge of shutting down and leaving the city without power.
The issue was discussed by the city commissioners. They reasoned, "If the TVA is going to start giving folks around here cheap electricity." "By golly, Dayton is more deserving than anyone else." So, at the commissioners' request (or, maybe, demand), TVA devised a system for local distribution. Though Dayton's rates had been about the lowest of any municipal system in the section, the following table shows what this transfer meant to her in dollars and cents:
Rates Prior to TVA
The first 20 kilowatt-hours are 8 cents each.
The next 30 kilowatt-hours are 7 cents each.
The next 50 kilowatt-hours are 5 cents each.
TVA's Current Rates
Each of the first 40 kilowatt-hours costs 3 cents.
The next 150 kilowatt-hours costs 2 cents.
The next 200 kilowatt-hours costs 1 cent.
The next 1000 kilowatt-hours costs 4 cents.
In a nutshell, TVA reduced the average Daytonian's electricity bill by around two-thirds. The number of power consumers in Dayton has climbed from 637 to 923 in the five years since the contract was signed. The overall number of kilowatt-hours consumed by each consumer has nearly doubled. Meanwhile, the city of Dayton has generated a net profit of $58,000 and now makes nearly $4,000 per month.
— “A Valley to Hold To,” July 1, 1940, Stoney, George C.
(d) The Tennessee Valley Authority Act had a lot of great benefits on citizens, but it had a lot of negative effects on private power utility businesses, which led to a lot of controversy about pricing and rights. The Tennessee Valley Authority Act (TVA), passed in 1933, was Franklin D. Roosevelt's most major reform legislation. Enacted in 1933, the Television Act (TVA). Its short-term goals were to create thousands of employment and offer affordable power to poor farmers in seven states, while its long-term goal was to break up the monopoly of overcharging private power firms in the Tennessee Valley. The seven states that were helped by this substantial act included Tennessee, Kentucky, Virginia, North Carolina, Georgia, Alabama, and Mississippi. FDR believed that helping the most poverty-stricken areas of each state would help promote industrial development. Because the government was essentially supplying the jobs, the TVA primarily worked on public projects. Dams were built to produce lakes, forest and land conservation programs were undertaken, floodwaters were controlled, energy was created, and fertilizer was manufactured. These initiatives not only helped to rebuild the economy but also worked to improve the lives of residents who were in need.
While everything about this act seemed to be positive, it was not. The TVA had numerous failures and was embroiled in numerous controversies. Some members of Congress, who believed the government should not interfere with the economy, thought TVA was a risky scheme that would push the country closer to socialism. Privately held electricity businesses were mostly dissatisfied with the government's proposed regulations. They said that laying electrical power cables in remote, rural locations was prohibitively expensive. They also thought that many farmers would be unable to purchase electricity.
Eventually, when farmers were able to receive electric power, their purchase of electric appliances helped to increase sales for local merchants. Farmers required more energy than people living in cities, which helped to balance the extra cost involved in bringing power lines to the countryside. Despite their dissatisfaction, electricity firms continued to receive a monthly payment from these far-flung agrarian cultures.
Explanation:
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