Pop-Up Abbreviations Results Window. If you wish to use our pop-up results window system, please use the form below. This system requires that you have JavaScript enabled and that your pop-up blocker is set to allow pop-ups from this website.op-Up Abbreviations Results Window. If you wish to use our pop-up results window system, please use the form below. This system requires that you have JavaScript enabled and that your pop-up blocker is set to allow pop-ups from this website.
Reconstruction Finance Corporation (RFC), former U.S. government agency, created in 1932 by the administration of Herbert Hoover. Its purpose was to facilitate economic activity by lending money in the depression.
The Reconstruction Finance Corporation spent $1.5 billion in 1932, $1.8 billion in 1933, and $1.8 billion in 1934. Then it dropped to about $350 million a year. On the eve of World War II (August 31, 1939), it greatly expanded to build munitions factories, disbursing $1.8 billion in 1941.he Reconstruction Finance Corporation initial money came from selling $500 million worth of stock bonds to the US Treasury. To obtain more capital, $1.5 billion bonds were sold again to the Treasury which was then sold to the general public.