The “New Deal” Programs of the “TVA” and “FHA”

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The New Deal Programs of the TVA and FHA. By Claire Mongenas. What were the New Deal programs?. The New Deal programs were born in Brain Trust meetings prior to Roosevelts inauguration, and also were a grateful nod to Theodore Roosevelt's "square deal" of 30 years earlier. - PowerPoint PPT Presentation

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<p>The New Deal Programs of the TVA and FHA</p> <p>The New Deal Programs of the TVA and FHABy Claire MongenasThe term was coined during Franklin Roosevelts 1932 Democratic presidential nomination acceptance speech, when he said, "I pledge you, I pledge myself, to a new deal for the American people." </p> <p>The New Deal programs were born in Brain Trust meetings prior to Roosevelts inauguration, and also were a grateful nod to Theodore Roosevelt's "square deal" of 30 years earlier.What were the New Deal programs?He proposed an ambitious "New Deal" to deliver relief to the unemployed and those in danger of losing farms and homes, recovery to agriculture and business, and reform, notably through the inception of the vast Tennessee Valley Authority (TVA).Roosevelt summarized the New Deal as a "use of the authority of government as an organized form of self-help for all classes and groups and sections of our country."</p> <p>Birth of TVA </p> <p>The federally funded TVA provided jobs, cheap electricity, and flood control in 1933 to poor rural areas of seven states through dam construction on the Tennessee River and its tributaries. </p> <p>The TVA was praised as a bold experiment in government intervention to meet regional needs. </p> <p>It was attacked as "creeping socialism."</p> <p>TVA Tennessee Valley AuthorityThe new dams they built fertilized crops and made farming flourish once more</p> <p>When the dams they built showed great success, they began to seek out other energy sources for their benefit</p> <p>TVA built seven of the worlds biggest coal-burning power plants because its hydroelectric dams were no longer enough to supply the regions electricity. TVA dominated the eastern coal market and demanded low prices. The result was strip-mining that devastated Appalachias land and water.</p> <p>TVA began building the nations largest system of nuclear power plants. It still operates four of them; several others were started, then scrapped in the 1980s at huge expense. Some reactors were hastily built, then idled for years for costly repairs because TVA couldnt prove they were safe.</p> <p>1950s 1960sTVA began getting out of control environmentally wise, they became too damaging</p> <p>Picture of all the dams built along the Tennessee River</p> <p>A government agency created to combat the housing crisis of the Great Depression.</p> <p>Designed to regulate mortgages and housing conditions.</p> <p>FHA - Federal Housing Administration</p> <p>FHA was created to make it easier for people with low wages to buy property. They were there to understand what people were going through with the struggling economy.</p> <p>The large number of unemployed workers combined with the banking crisis created a situation in which banks recalled loans. </p> <p>Im trying to imagine a realistic, plausible scenario in which the FHA isnt essentially doomed to be the next big Federal bailout, and Im afraid to say, Im coming up empty.</p>

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