Reconstruction Finance Corporation (RFC)

Reconstruction Finance Corporation (RFC)
U.S. government agency established (1932) to provide loans to railroads, banks, and businesses.

The RFC was an attempt by Pres. Herbert Hoover to counter the early effects of the Great Depression by rescuing institutions from default. It was widely used by Pres. Franklin Roosevelt in the New Deal and to finance defense plants in World War II. After the war, the RFC's powers and functions were gradually transferred to other agencies.

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Universalium. 2010.

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  • Reconstruction Finance Corporation - RFC — An agency created by the the U.S. government to aid the troubled banking sector in the years following the stock market crash of 1929. The Reconstruction Finance Corporation (RFC) was approved by Congress to begin business in 1932 with a mandate… …   Investment dictionary

  • Reconstruction Finance Corporation — The Reconstruction Finance Corporation (RFC) 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 …   Wikipedia

  • Reconstruction Finance Corporation — Die Reconstruction Finance Corporation (RFC) war eine unabhängige Regierungsbehörde in den Vereinigten Staaten, die 1932 während der Präsidentschaft von Herbert C. Hoover entstand. Ihre Aufgabe war die finanzielle Unterstützung von Banken und… …   Deutsch Wikipedia

  • Reconstruction Finance Corporation — (RFC)    The RFC was established by Congress in 1932 after the recommendation of Herbert Hoover to “provide emergency financing facilities for financial institutions,” and to “aid in financing agriculture, commerce, and industry” to counter the… …   Historical Dictionary of the Roosevelt–Truman Era

  • Reconstruction Finance Corporation — ▪ United States government agency       U.S. government agency established by Congress on January 22, 1932, to provide financial aid to railroads, financial institutions, and business corporations. With the passage of the Emergency Relief Act in… …   Universalium

  • RFC — steht für: Request for Comments, eine englische Bezeichnung für eine Aufforderung zum Kommentieren eines Vorschlags; bezeichnet oft eine Reihe von technischen und organisatorischen Dokumenten zum Internet RFC Editor, eine Gruppe innerhalb der… …   Deutsch Wikipedia

  • RFC — RFC, a three letter initialism, may refer to: Technology * Request for Comments, formalized memoranda addressing Internet standards * Request for Change, a call to change information technology infrastructure * Remote function call, from within… …   Wikipedia

  • RFC — Reconstruction Finance Corporation Short Dictionary of (mostly American) Legal Terms and Abbreviations …   Law dictionary

  • RFC — Reconstruction Finance Corporation. * * * …   Universalium

  • RFC — abbr. 1 Rugby Football Club. 2 hist. Royal Flying Corps. * * * abbreviation radio frequency choke * * * Reconstruction Finance Corporation. * * * abbrev 1. (until 1918) Royal Flying Corps 2. Rugby Football Club * * * RFC (no periods),… …   Useful english dictionary

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