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Democracy in Power: A History of Electrification in the United States

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Private money, public good, and the original fight for control of America’s energy industry.

Until the 1930s, financial interests dominated electrical power in the United States. That changed with President Franklin D. Roosevelt’s New Deal, which restructured the industry. The government expanded public ownership, famously through the Tennessee Valley Authority, and promoted a new kind of utility: the rural electric cooperative that brought light and power to millions in the countryside. Sin...