|Series||74th Cong., 1st sess. House., Rept. 38|
|Contributions||Steagall, Henry Bascom, 1873-, Fletcher, Duncan Upshaw, 1859-1936.|
|LC Classifications||HG3729.U4 A5 1935c|
|The Physical Object|
|LC Control Number||35026078|
The Corporation was transferred from the Federal Loan Agency to the Department of Commerce by Executive Order # of Febru , returned to the Federal Loan Agency by Act of Febru (59 Stat. 5), and abolished by Act of J (61 Stat. ) with its functions assumed by Reconstruction Finance Corporation. Get this from a library! To extend the functions of the Reconstruction Finance Corporation: hearings before the Committee on Banking and Currency, House of. Reconstruction Finance Corporation (RFC), U.S. government agency established by Congress on Janu , to provide financial aid to railroads, financial institutions, and business the passage of the Emergency Relief Act in July , its scope was broadened to include aid to agriculture and financing for state and local public works. On the eve of the Great Depression, no sector of the U.S. economy was weaker than the money markets. After World War I the U.S. financial system was a haphazard collection of 50, financial institutions. More t were commercial banks; the rest were savings banks, building and loan.
The Reconstruction Finance Corporation (RFC) was created by Hoover in to aid banks and, hopefully, kick-start lending three years into the worse economic depression in America's history.4/5. Section 1. Definitions. As used in this reorganization plan: (a) The term “Corporation” means the Reconstruction Finance Corporation. (b) The term “remaining functions” means (1) all functions of the Corporation, (2) except as otherwise provided in subsections (b) and (c) of section 6 of this reorganization plan, all functions of the Secretary of the Treasury under section 10 of the. Start studying American History Ch 14 The Great Depression. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Definition of Reconstruction Finance Corporation in the dictionary. Meaning of Reconstruction Finance Corporation. What does Reconstruction Finance Corporation mean? Information and translations of Reconstruction Finance Corporation in the most comprehensive dictionary definitions resource on the web.
Reconstruction Finance Corporation - RFC: The Reconstruction Finance Corporation (RFC) was an agency established by the United States government, tasked with assisting the Author: Will Kenton. Reconstruction Finance Corporation (RFC), former U.S. government agency, created in by the administration of Herbert Hoover. Its purpose was to facilitate economic activity b. The Reconstruction Finance Corporation was designed to loan money to financial institutions to prevent bankruptcies Hoover's response to the Depression could best be described as. American History II Test. STUDY. PLAY. Reconstruction Finance Corporation. continued businesses and banks receive federal loans, National Industrial Recovery Act. allows business to set price, wage, production codes, agricultural adjustment act.