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U.S. president Franklin D. Roosevelt signed an act establishing the Tennessee Valley Authority to stimulate the economic development of the Tennessee Valley, a region particularly impacted by the Great Depression.
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Franklin D. Roosevelt
President of the United States from 1933 to 1945
Franklin Delano Roosevelt, also known as FDR, was the 32nd president of the United States from 1933 until his death in 1945. He is the longest-serving U.S. president, and the only one to have served more than two terms. His first two terms were centered on combating the Great…Source: Wikipedia (CC BY-SA)
Tennessee Valley Authority
American utility company
The Tennessee Valley Authority (TVA) is a federally owned electric utility corporation in the United States. TVA's service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. While owned by the…Source: Wikipedia (CC BY-SA)
Economic development
Process and policies to improve economic well-being
In economics, economic development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.Source: Wikipedia (CC BY-SA)
Tennessee Valley
Drainage basin of the Tennessee River
The Tennessee Valley is the drainage basin of the Tennessee River and is largely within the U.S. state of Tennessee. It stretches from southwest Kentucky to north Alabama and from northeast Mississippi to the mountains of Virginia and North Carolina. The border of the valley is…Source: Wikipedia (CC BY-SA)
Great Depression
Worldwide economic depression (1929–1939)
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world.…Source: Wikipedia (CC BY-SA)