The Reconstruction Finance Corporation Is Created
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics
- Subcategories: Business, Trade, Commerce, Organizations, Agencies, Institutions, Depressions, Recessions
- Curriculum: American History 1901-1950
- Geographical Location: Washington, D.C.
- Date: January 22, 1932
Article abstract: Created to support ailing financial institutions during the Great Depression, the Reconstruction Finance Corporation was a government agency that provided capital for New Deal programs, war production, and undercapitalized private ventures.
Summary of Event
The Reconstruction Finance Corporation (RFC) functioned from its establishment in 1932 until its dissolution in 1954 as a federal agency that provided capital and credit for a wide variety of public and private ventures. Lending more than $51 billion during its existence, the RFC...
[The entire page is 2099 words long]
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