War Finance Corporation

The War Finance Corporation (WFC) was established in the United States during World War I to support the war effort by providing financial aid to businesses and industries. It facilitated loans and investments to help companies expand production of war materials, like weapons and supplies. The WFC aimed to ensure that the military had the necessary resources while also stabilizing the economy during wartime. It played a crucial role in mobilizing private sector contributions and was later part of broader economic policies during subsequent conflicts, including World War II.