Reconstruction Finance Corporation

The Reconstruction Finance Corporation (RFC) was a U.S. government agency established in 1932 during the Great Depression. Its primary purpose was to provide financial support to banks, industries, and other businesses to stimulate economic recovery. By offering loans and investments, the RFC aimed to stabilize financial institutions and create jobs. Initially focused on bank relief, it later expanded to support various sectors, including railroads and agriculture. The RFC played a key role in helping the economy recover by ensuring that essential services and industries remained operational during the economic downturn.