Tva, the First Twenty Years: A Staff Report, 1956 (Classic Reprint) - Hardcover

Roscoe C. Martin

9780260941411: Tva, the First Twenty Years: A Staff Report, 1956 (Classic Reprint)

Hardcover

ISBN 10: 0260941417 ISBN 13: 9780260941411

Publisher: Forgotten Books, 2018

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Excerpt from Tva, the First Twenty Years: A Staff Report, 1956

Twenty-five years ago, the Tennessee Valley was a very low income area. In the prosperity year of 1929, the Valley region, with per cent of the nation's population, received only per cent of the nation's personal income. Thus average per capita income in the Valley was only 44 per cent of the national average, $301 as compared with $680 for the nation. In the depression year of 1933 the Valley's income position was about the same as in 1929, although income in both the nation and the Valley was at a much lower level.

Agriculture in the Valley region predominated both as a source of income and in employment. Agriculture accounted for about half of total employment and provided about 20 per cent of the total regional income. Income per farm worker in the Valley was only 60 per cent of the national average. Compared with the nation as a whole, the Valley had proportionally a greater number of persons in agri culture and these received comparatively quite low returns from their occupation.

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