# Canonical recap data for Reconstruction Finance Corporation Established (1932)
# Source: https://recap.at/1932/rfc-1932
# Format: YAML 1.2 (UTF-8). Generated at request time.
slug: rfc-1932
canonicalUrl: "https://recap.at/1932/rfc-1932"
title: Reconstruction Finance Corporation Established
subtitle: Hoover's emergency lending agency became a model for Depression-era government intervention and modern central bank stabilization techniques.
recapType: global_event
eventStatus: concluded
startDate: 1932-01-01
datePrecision: year
year: 1932
decade: 1930
country:
name: United States
slug: united-states
summaryShort: The Reconstruction Finance Corporation (RFC) was an independent agency of the United States federal government that served as a lender of last resort to US banks and businesses. Established in 1932 by the Hoover administration to restore public confidence in the economy and banking to their pre-Depression levels, the R
summaryLong: The Reconstruction Finance Corporation (RFC) was an independent agency of the United States federal government that served as a lender of last resort to US banks and businesses. Established in 1932 by the Hoover administration to restore public confidence in the economy and banking to their pre-Depression levels, the RFC provided financial support to state and local governments, recapitalized banks to prevent bank failures and stimulate lending, and made loans to railroads, mortgage associations, and other large businesses.
heroImageUrl: "https://upload.wikimedia.org/wikipedia/commons/thumb/6/6e/WWII_War_Damage_Insurance_Poiicy.jpg/1280px-WWII_War_Damage_Insurance_Poiicy.jpg"
heroImageCredit: War Damage Insurance Corporation (a US Government corporation) · via Wikipedia
importance: 68
sourceConfidence: 75
keyFacts: []
timeline: []
sources:
- url: "https://en.wikipedia.org/wiki/Reconstruction_Finance_Corporation"
  title: Reconstruction Finance Corporation
  provider: Wikipedia
related: []
categories:
- tech-launch
metaDescription: The Reconstruction Finance Corporation (RFC) was an independent agency of the United States federal government that served as a lender of last resort to US bank
wikidataQid: Q2135797
archiveSnapshots:
- url: "https://web.archive.org/web/20260606193833/https://en.wikipedia.org/wiki/Reconstruction_Finance_Corporation"
  capturedAt: 2026-06-06
  label: Reconstruction Finance Corporation
  originalUrl: "https://en.wikipedia.org/wiki/Reconstruction_Finance_Corporation"
