Reconstruction Finance Corporation
U.S. government agency established during the Great Depression to provide financial aid to banks, railroads, etc.
Last updated August 31, 2026
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Overview
The Reconstruction Finance Corporation was a U.S. government agency established in 1932 to combat the Great Depression by providing loans and financial support to stabilize banks, railroads, and other key industries. It played a significant role during the New Deal and was dissolved in 1957.
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