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Reconstruction Finance Corporation (view source)
Revision as of 21:46, March 20, 2009
, 21:46, March 20, 2009it was a response, but how did it "restore" anything? That is not clear at all
The '''Reconstruction Finance Corporation''' (RFC) was an independent agency of the U.S. government, chartered during the administration of [[Herbert Hoover]] in 1932. It played a major role in the [[New Deal]] and [[World War II]] in restoring the U.S. economy from the [[Great Depression]]. It closed in 1953 and was replaced by the much smaller Small Business Administration.
The '''Reconstruction Finance Corporation''' (RFC) was an independent agency of the U.S. government, chartered during the administration of [[Herbert Hoover]] in 1932. It played a major role in the [[New Deal]] and [[World War II]] in response the [[Great Depression]]. It closed in 1953 and was replaced by the much smaller Small Business Administration.
==Origins==
==Origins==
The RFC was Hoover's most important attempt to deal with the depression. It was proposed by Hoover and created by Congress in January 1932.
The RFC was Hoover's most important attempt to deal with the depression. It was proposed by Hoover and created by Congress in January 1932.