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Full Text of "To Amend the Reconstruction Finance Form

Full Text of "To Amend the Reconstruction Finance Form

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i'm always so happy to have the job of showing how what my colleagues are talking about really worked and this is from the great depression and world war ii republican president herbert hoover started the rfc the reconstruction finance corporation in his last year in office when he realized that the federal government was the only institution large and powerful enough to address the calamity of the great depression within that last year he expanded the rfc so that its lending authority almost equaled the entire federal budget and he included aid to cities and states in what he did franklin roosevelt inherited the rfc from herbert hoover and one of its board members jesse jones who he made its chairman and under jesse jones's leadership the rfc saved hundreds of thousands of homes farms banks and businesses from bankruptcy and foreclosure which is so relevant today as we deal with the impacts of the coronavirus the rfc developed the latest in high speed rail it financed

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