Wang Mang initiated a series of major reforms that were ultimately unsuccessful. These reforms included outlawing slavery, nationalizing land to equally distribute between households, and introducing new currencies, a change which debased the value of coinage. Although these reforms provoked considerable opposition, Wang's regime met its ultimate downfall with the massive floods of c. 3 AD and 11 AD. Gradual silt buildup in the Yellow River had raised its water level and overwhelmed the flood control works. The Yellow River split into two new branches: one emptying to the north and the other to the south of the Shandong Peninsula, though Han engineers managed to dam the southern branch by 70 AD.