Tuesday, June 30, 2015

#TodayInHistory June 30, 1957: The U.S. Federal Government pulls the plug permanently on the Reconstruction Finance Corporation (RFC), one of the remaining vestiges of the Great Depression. The RFC was formed in 1931, the brainchild of President Hoover, who felt that a revived private sector could best lead America back to prosperity, and it was charged with propping up the nation's struggling banks and businesses.


#TodayInHistory June 30, 1957: The U.S. Federal Government pulls the plug permanently on the Reconstruction Finance Corporation (RFC), one of the remaining vestiges of the Great Depression. The RFC was formed in 1931, the brainchild of President Hoover, who felt that a revived private sector could best lead America back to prosperity, and it was charged with propping up the nation's struggling banks and businesses.

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