The Reconstruction Finance Corporation was established on 22 January to stimulate banking and business in the United States. At the time, unemployment stood at 12 million and was rising.
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Citation: Richert, Lucas Paul. "Reconstruction Finance Corporation created". The Literary Encyclopedia. First published 01 November 2008 [https://staging.litencyc.com/php/stopics.php?rec=true&UID=5598, accessed 26 November 2024.]