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    ›› Coverage Organizations : Reconstruction Finance Corporation

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Glossary Term – Event

Emergency Banking Bill

At Roosevelt’s urging, Congress passed the Emergency Banking Bill, which took the nation off the gold standard, allowed some Federal Reserve System banks to reopen, and permitted the Federal Reserve and the Reconstruction Finance Corporation to provide funds to buy stocks in chosen banks.

Glossary Term – Organization

Reconstruction Finance Corportation

The Reconstruction Finance Corporation was created in 1932 to bolster economic recovery by financing banks, insurance companies, railroads, and farm mortgage associations.

Teaching Resource

New Deal Legislation

 

New Deal Legislation

1932

Reconstruction Finance Corporation

Granted emergency loans to banks, life insurance companies, and railroads

1933

Civilian Conservation...