President Roosevelt's actions during the Hundred Days included bank closures, relief measures, and establishment of the TVA. His quote about fearing fear highlighted the importance of confidence in overcoming challenges. Criticisms of the TVA reflected debates over government involvement in utilities.
President Roosevelt took several significant actions during the Hundred Days to combat the economic crisis, including temporarily closing banks, implementing emergency relief measures like soup kitchens, stabilizing agricultural prices, creating work projects, and establishing the Tennessee Valley Authority (TVA) to expand access to electricity.
In his statement, "The only thing we have to fear is fear itself," President Roosevelt was emphasizing the detrimental impact of paralyzing fear on progress and urging confidence and courage in facing challenges during times of crisis.
Private power companies criticized the TVA for using government funds to provide electricity at lower rates, reflecting differing perspectives on the role of public utilities and government intervention in the economy.
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