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About: Reconstruction Finance Corporation     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatDefunctAgenciesOfTheUnitedStatesGovernment, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyyago:WikicatCorporationsCharteredByTheUnitedStatesCongressyago:WikicatNewDealAgenciesyago:Abstraction100002137yago:AdministrativeUnit108077292yago:Agency108337324yago:Business108061042yago:Company108058098yago:Corporation108059412yago:Enterprise108056231yago:Firm108059870yago:Group100031264yago:Institution108053576yago:Organization108008335yago:WikicatGovernment-ownedCompaniesOfTheUnitedStatesyago:WikicatGovernmentAgenciesEstablishedIn1932yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:SocialGroup107950920yago:Unit108189659yago:WikicatAgenciesOfTheUnitedStatesGovernmentDuringWorldWarIIyago:WikicatDefunctAgenciesOfTheUnitedStatesGovernment New Facet based on Instances of this Class

The Reconstruction Finance Corporation was a government corporation administered by the United States Federal Government between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. Its purpose was to boost the country's confidence and help banks resume daily functions after the start of the Great Depression. The RFC became more prominent under the New Deal and continued to operate through World War II. It was disbanded in 1957, when the US Federal Government concluded that it no longer needed to stimulate lending.