ii.What happened to the economy in 1937? 1. Discuss how regional planning such as the Tennessee Valley Authority and the Columbia River project reflected broader changes in American life during the New Deal. ● The Tennessee Valley Authority, for example, not only created jobs, but built dams and reservoirs along the Tennessee River that reduced the price of power for citizens in that region. In addition to producing power, the Tennessee Valley Authority also began to compete with private companies to sell electricity, which showed the government's increased involvement in the economy. The Columbia River Project, a project that built numerous dams along the Columbia River Basin, also represented these same changes. This project would hugely spur the economy in the area by allowing farming to take place in previously arid areas and causing towns to spring up and prosper. These two projects also led to control of natural resources by the national government, which also gave them more control over the economy. 2.What actions did President Roosevelt and Congress take to help the banking system recover as well as to reform how it operated in the long run? 1933.Together all of these acts helped to establish confidence in the banks once again and to give them credibility, which allowed for the banking system to recover, as well as flourish.