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Reconstruction Finance Corporation (view source)
Revision as of 16:28, July 28, 2007
, 16:28, July 28, 2007edit
The '''Reconstruction Finance Corporation''' (RFC) was an independent agency of the U.S. government, chartered during the administration of [[Herbert Hoover]] in 1932. The agency advanced $2 billion in loans to state and local governments and to banks, railroads, farm mortgage associations, and other businesses, funding, for example, the construction of the original Hayden Planetarium.
The '''Reconstruction Finance Corporation''' (RFC) was an independent agency of the U.S. government, chartered during the administration of [[Herbert Hoover]] in 1932. The agency advanced $2 billion in loans to state and local governments and to banks, railroads, farm mortgage associations, and other businesses, funding, for example, the construction of the original Hayden Planetarium. [[Thomas G. Corcoran]] recieved a placement in the Reconstruction Finance Corporation when Hoover was President.
The RFC also had a division that would give the states loans for emergency relief needs.
The RFC also had a division that would give the states loans for emergency relief needs.