Reconstruction Finance Corporation

E202079

The Reconstruction Finance Corporation was a U.S. government agency created during the Great Depression to provide financial support to banks, industries, and public works in order to stabilize and stimulate the national economy.

All labels observed (4)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf federal corporation ⓘ
government agency ⓘ
appliesToJurisdiction United States ⓘ
archivesAt National Archives and Records Administration ⓘ
country United States ⓘ
createdBy Reconstruction Finance Corporation Act ⓘ
dissolved 1957 ⓘ
expandedUnder Franklin D. Roosevelt administration ⓘ
financed defense industries ⓘ
housing projects ⓘ
public works infrastructure ⓘ
state and local government projects ⓘ
war production facilities ⓘ
followedBy Small Business Administration ⓘ
various specialized federal lending agencies ⓘ
fundingMethod borrowing from the U.S. Treasury ⓘ
sale of government-backed securities ⓘ
headquartersLocation Washington, D.C. ⓘ
inception 1932 ⓘ
industry public finance ⓘ
jurisdiction United States federal government ⓘ
legalForm government-owned corporation ⓘ
legislatedBy United States Congress ⓘ
namedAfter Reconstruction Finance ⓘ
notableChairperson Jesse H. Jones ⓘ
operatedDuring Great Depression ⓘ
World War II ⓘ
post–World War II era ⓘ
parentOrganization United States government ⓘ
partOf New Deal programs ⓘ
linked to: New Deal
positionHeld lender of last resort for U.S. financial institutions ⓘ
precededBy War Finance Corporation ⓘ
purpose finance public works projects ⓘ
provide financial support to agriculture ⓘ
provide financial support to banks ⓘ
provide financial support to industry ⓘ
provide financial support to insurance companies ⓘ
provide financial support to railroads ⓘ
stabilize the national economy ⓘ
stimulate the national economy ⓘ
reasonForAbolition concerns about political influence and inefficiency ⓘ
perception of redundancy with other federal credit programs ⓘ
sector public sector ⓘ
signedIntoLawBy Herbert Hoover ⓘ
significantEvent assumption of war-related financing functions during World War II ⓘ
major expansion of lending authority in 1933 ⓘ
supervisedBy Board of Directors appointed by the President of the United States ⓘ

How these facts were elicited

Referenced by (11)

Full triples — surface form annotated when it differs from this entity's canonical label.

Housing and Home Finance Agency → coordinateWith → Reconstruction Finance Corporation ⓘ
Foreign Economic Administration → replacedBy → Reconstruction Finance Corporation ⓘ
Jesse H. Jones → notableWork → Reconstruction Finance Corporation leadership ⓘ
linked to: Reconstruction Finance Corporation
Reconstruction Finance Corporation Act → created → Reconstruction Finance Corporation ⓘ
Emergency Relief and Construction Act of 1932 → authorized → Reconstruction Finance Corporation loans to states for relief ⓘ
linked to: Reconstruction Finance Corporation
Emergency Relief and Construction Act of 1932 → implementedBy → Reconstruction Finance Corporation ⓘ
Reconstruction Finance Corporation → namedAfter → Reconstruction Finance ⓘ
linked to: Reconstruction Finance Corporation
Stanley Forman Reed → workedFor → Reconstruction Finance Corporation ⓘ
War Finance Corporation → followedBy → Reconstruction Finance Corporation ⓘ