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Special Report on

Reconstruction Finance Corporation

reconstruction finance corporation special research report Photo by www.historycooperative.org
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 collapse in the value of assets combined with demands from panicky depositors to get their money out meant that many banks that were otherwise solvent, hoarded their money and refused to make loans. It was much like the Financial Crisis of 2008 . The RFC could make loans to banks, insurance companies and railroads. The Emergency Relief and Construction Act of July 21, 1932, enlarged its power to allow for loans to state government and to farm agencies. The immediate aim was to ...
of World War I. The agency gave $2 billion in aid to state and local governments and made loans to banks, railroads, farm mortgage associations, and other businesses. The loans were nearly all repaid. It was continued by the New Deal and played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933. 1 Cite error: There are tags on this page, but the references will not show without a {{Reflist}} template or a tag; see the .
REVIEWS AND OPINIONS
t r u t h o u t | Wall Street and Washington: How the Rules of the ...
Crowds walk past the US Subtreasury Building during the economic panic of October 1907. Steve Fraser warns that today, "another gilded age is ending." (Photo: media.npr.org)     What is Washington to do as the financial system collapses? Clearly, stark differences in approach as well as in public policy have already emerged. Bail-out Bear Stearns and pump up the brokerage and investment business with new lines of credit. Nationalize Fannie Mae and Freddie Mac on the backs of the taxpayer - but let Lehman drown. Tell the financial community to save itself, after which Bank of America salutes and buys ... market research, surveys and trends
South Carolina's Senior Bank (part 2) - Wells Fargo - Guided By ...
I recounted how Bank of Charleston (South Carolina) emerged from the defunct Second Bank of the United States as a strong local bank. But the institution had deep holdings of Confederate debt. To survive, Bank of Charleston would have to convert to federal dollars and federal rules. Time nearly ran out in 1869, when the State of South Carolina required all banks to show capital of $50,000 and to be able to redeem their outstanding currency in United States federal money. Many banks with ties to the Confederate war effort found themselves going out of business. The Bank of Charleston found that it had over $1.5 million of ... market research, surveys and trends

SURVEY RESULTS FOR
RECONSTRUCTION FINANCE CORPORATION

Reconstruction Finance Corporation (RFC): RFC was created by ...
The Reconstruction Finance Corporation (RFC): RFC was created by .... federal agencies having procurement awards exceeding $50 million in any Fiscal Year .... 10 percent to all other offers (other than another small business concern). ... industry trends, business articles and survey research
Think Progress » New Poll Reveals 56 Percent Of Americans Favor ...
58 percent approve of the job he is doing, and 65 percent are very or somewhat confident that he will be successful in turning the economy around. The poll also contains the interesting and “ somewhat surprising ” finding that a majority of the American public supports nationalizing the banks : 11. Temporary nationalization is another way for the federal government to deal with large banks in danger of failing. This is where the government takes over a failing bank, cleans its balance sheets, and then quickly sells it off. In general, which do YOU think is the better way to deal with failing banks… 29 ... industry trends, business articles and survey research
RELATED NEWS
Pass a weak finance bill and call it victory?
Dr. Robert A. Johnson - Executive Director of The Institute New Economic Thinking (INET). Dr. Johnson served on the United Nations Commission of Experts on International Monetary Reform under the Chairmanship of Joseph Stiglitz. He is also the Director of Economic Policy for the Franklin and Eleanor Roosevelt Institute (FERI) in New York. Dr. Johnson was previously a managing director at Soros Fund Management where he managed a global currency, bond and equity portfolio specializing in emerging markets. Prior to that time, Johnson was a managing director of Bankers Trust Company managing a global currency fund. He also served ... market trends, news research and surveys resources
Greene History Notes
Last week I wrote about the horse-powered ferries that plied the Hudson from the river towns of Coxsackie, Athens and Catskill during the early to mid 19th century. Those ferries were replaced by steam-powered boats which in turn were replaced by the Rip Van Winkle Bridge. I always enjoy crossing that bridge and the others that cross the Hudson between here and New York City. They are engineering marvels that are taken for granted because we see them regularly. I imagine the construction of the Rip Van Winkle Bridge was a constant topic of discussion at the time it was being built, just as the Thruway was as it cut a swath ... market trends, news research and surveys resources

INFORMATION RESOURCES

History of and Rationales for the Reconstruction Finance Corporation
Reconstruction Finance Corporation. Wash- ington, D.C.: U.S. Government Printing . Office, 1959. Upham, Cyril B., and Edwin Lamke. Closed and ... technology research, surveys study and trend statistics
Records of the Reconstruction Finance Corporation [RFC]
To newly established Federal Loan Agency (FLA), with Electric Home and Farm Authority, Federal Housing Administration, Export-Import Bank of Washington, and Federal Home Loan Bank Board, by Reorganization Plan No. I of 1939, effective July 1, 1939; to Department of Commerce by EO 9071, February 24, 1942; to FLA by an act of February 24, 1945 (59 Stat. 5); to independent agency status upon abolishment of FLA by an act of June 30, 1947 (61 Stat. 202). Functions: Provided emergency financing facilities for financial institutions. Aided in financing agriculture, commerce, and industry. Purchased preferred stock, capital notes, or ... technology research, surveys study and trend statistics
US CODE: Title 15,CHAPTER 14—RECONSTRUCTION FINANCE CORPORATION
Reconstruction Finance Corporation was abolished and remaining functions transferred to Housing and Home Finance Agency, Administrator of General Services, Administrator of Small Business Administration, and Secretary of Commerce, such transfer including assets and liabilities, administrative property, personnel, funds, and records, pursuant to 1957 Reorg. Plan No. 1, eff. June 30, 1957, 22 F.R. 4633 , 71 Stat. 647 , set out in Appendix II of title 5, Government Organization and Employees. The Plan provided for retirement of capital stock and payment of all unused funds into the Treasury as miscellaneous receipts and required a ...
REAL TIME
RECONSTRUCTION FINANCE CORPORATION
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QUESTIONS AND ANSWERS
WikiAnswers - What was the Reconstruction finance corporation
was an independent agency of the United States government chartered during the administration of Herbert Hoover in 1932. It was modeled after the War Finance Corporation of World War I. The agency gave $2 billion in aid to state and local governments and made loans to banks, railroads, farm mortgage associations, and other businesses. The loans were nearly all repaid. It was continued by the New Deal and played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933. First answer by ID1136211973 . Last edit by ID1136211973 . ...
U.S. History: Great Depression, reconstruction finance corporation ...
These reforms, together with several other relief and recovery measures, are called the First New Deal. Economic stimulus was attempted through a new alphabet soup of agencies set up in 1933 and 1934 and previously extant agencies such as the Reconstruction Finance Corporation.   By 1935, the "Second New Deal" added Social Security (which did not start making large payouts until much later), a jobs program for the unemployed (the Works Progress Administration, WPA) and, through the National Labor Relations Board, a strong stimulus to the growth of labor unions. In 1929, federal expenditures constituted only ...