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| what was the reconstruction finance corporation: Saving Capitalism James Stuart Olson, 2017-03-14 For two generations historians have debated the significance of the New Deal, arguing about what it tried and tried not to do, whether it was radical or reactionary, and what its origins were. They have emphasized the National Recovery Administration, Agricultural Adjustment Administration, Tennessee Valley Authority, or the various social and labor legislation to illustrate an assortment of arguments about the real New Deal. Here James Olson contends that the little-studied Reconstruction Finance Corporation was the major New Deal agency, even though it was the product of the Hoover Administration. Pouring more than ten billion dollars into private businesses during the 1930s in a strenuous effort to save capitalism, the RFC was the largest, most powerful, and most influential of all New Deal agencies, proving that the main thrust of the New Deal was state capitalism--the use of the federal government to shore up private property and the status quo. As national and international money markets collapsed in 1930, Hoover created an RFC with a structure similar to that of his War Finance Corporation. The agency was given two billion dollars to make low-interest loans to commercial banks, savings banks, other financial institutions, and railroads. With modifications, it survived the ultimate collapse of the economy in 1933 and went on to become the central part of the New Deal's effort to preserve fundamental American institutions. Originally published in 1988. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. |
| what was the reconstruction finance corporation: Reconstruction Finance Corporation Reconstruction Finance Corporation, 1932 |
| what was the reconstruction finance corporation: Report of the Reconstruction Finance Corporation, February 2, 1932, to March 31, 1944, Inclusive Reconstruction Finance Corporation, 1944 |
| what was the reconstruction finance corporation: American Default Sebastian Edwards, 2019-09-10 The untold story of how FDR did the unthinkable to save the American economy. |
| what was the reconstruction finance corporation: U.S. History P. Scott Corbett, Volker Janssen, John M. Lund, Todd Pfannestiel, Sylvie Waskiewicz, Paul Vickery, 2024-09-10 U.S. History is designed to meet the scope and sequence requirements of most introductory courses. The text provides a balanced approach to U.S. history, considering the people, events, and ideas that have shaped the United States from both the top down (politics, economics, diplomacy) and bottom up (eyewitness accounts, lived experience). U.S. History covers key forces that form the American experience, with particular attention to issues of race, class, and gender. |
| what was the reconstruction finance corporation: Annual Report of the Federal Deposit Insurance Corporation for the Year Ending ... Federal Deposit Insurance Corporation, 1976 |
| what was the reconstruction finance corporation: Study of Reconstruction Finance Corporation United States. Congress. Senate. Committee on Banking and Currency, United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on Reconstruction Finance Corporation, 1950 |
| what was the reconstruction finance corporation: Black Reconstruction in America W. E. B. Du Bois, 2013-02-07 Originally published in 1935 by Harcourt, Brace and Co. |
| what was the reconstruction finance corporation: Reconstruction Finance Corporation Seven-year Report Reconstruction Finance Corporation, Jesse Holman Jones, 1939 |
| what was the reconstruction finance corporation: Our White House National Children's Book and Literacy Alliance, 2008-09-09 A collection from over a hundred authors and illustrators to portray over two hundred years of history as seen through the White House windows. |
| what was the reconstruction finance corporation: Final Report on the Reconstruction Finance Corporation United States. Department of the Treasury, 1959 |
| what was the reconstruction finance corporation: Study of Reconstruction Finance Corporation United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on Reconstruction Finance Corporation, 1950 Analyzes Reconstruction Finance Corp lending activities, sources of income, and interest costs to determine whether present fiscal operations are self-sustaining. |
| what was the reconstruction finance corporation: Report of the Reconstruction Finance Corporation ... Reconstruction Finance Corporation, 1932-02 |
| what was the reconstruction finance corporation: Study of Reconstruction Finance Corporation United States. Congress. Senate. Committee on Banking and Currency, United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on Reconstruction Finance Corporation, 1950 |
| what was the reconstruction finance corporation: Study of Reconstruction Finance Corporation United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on Reconstruction Finance Corporation, 1951 |
| what was the reconstruction finance corporation: Reconstruction Finance Corporation Act, as Amended, and Other Laws Pertaining to Reconstruction Finance Corporation United States, 1938 |
| what was the reconstruction finance corporation: Report of the Reconstruction Finance Corporation ... Reconstruction Finance Corporation, 1932 |
| what was the reconstruction finance corporation: Reconstruction Finance Corporation Reconstruction Finance Corporation, 1939 |
| what was the reconstruction finance corporation: Capitalism in America Alan Greenspan, Adrian Wooldridge, 2018-10-16 From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. Shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year Award From even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even more. To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite? In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers. |
| what was the reconstruction finance corporation: Report to the Congress [on The] Reconstruction Finance Corporation United States. Dept. of the Treasury, 1957 |
| what was the reconstruction finance corporation: Reconstruction Finance Corporation Jesse H. Jones, 1939 |
| what was the reconstruction finance corporation: Bailouts Robert Eric Wright, 2010 Today's financial crisis is the result of dismal failures on the part of regulators, market analysts, and corporate executives. Yet the response of the American government has been to bail out the very institutions and individuals that have wrought such havoc upon the nation. Are such massive bailouts really called for? Can they succeed? Robert E. Wright and his colleagues provide an unbiased history of government bailouts and a frank assessment of their effectiveness. Their book recounts colonial America's struggle to rectify the first dangerous real estate bubble and the British government's counterproductive response. It explains how Alexander Hamilton allowed central banks and other lenders to bail out distressed but sound businesses without rewarding or encouraging the risky ones. And it shows how, in the second half of the twentieth century, governments began to bail out distressed companies, industries, and even entire economies in ways that subsidized risk takers while failing to reinvigorate the economy. By peering into the historical uses of public money to save private profit, this volume suggests better ways to control risk in the future. Additional Columbia / SSRC books on the privatization of risk and its implications for Americans: Health at Risk: America's Ailing Health System--and How to Heal ItEdited by Jacob S. Hacker Laid Off, Laid Low: Political and Economic Consequences of Employment InsecurityEdited by Katherine S. Newman Pensions, Social Security, and the Privatization of RiskEdited by Mitchell A. Orenstein |
| what was the reconstruction finance corporation: Final Report on the Reconstruction Finance Corporation United States. Department of the Treasury, 1959 |
| what was the reconstruction finance corporation: Quarterly Report of Reconstruction Finance Corporation to the Congress Covering the Corporation's Operations for the Periods ... Reconstruction Finance Corporation, 1936 |
| what was the reconstruction finance corporation: Reconstruction Finance Corporation (in Liquidation) Reconstruction Finance Corporation, 1954 |
| what was the reconstruction finance corporation: Winter War Eric Rauchway, 2018-11-20 The history of the most acrimonious presidential handoff in American history -- and of the origins of twentieth-century liberalism and conservatism As historian Eric Rauchway shows in Winter War, FDR laid out coherent, far-ranging plans for the New Deal in the months prior to his inauguration. Meanwhile, still-President Hoover, worried about FDR's abilities and afraid of the president-elect's policies, became the first comprehensive critic of the New Deal. Thus, even before FDR took office, both the principles of the welfare state, and reaction against it, had already taken form. Winter War reveals how, in the months before the hundred days, FDR and Hoover battled over ideas and shaped the divisive politics of the twentieth century. |
| what was the reconstruction finance corporation: The Battle of Bretton Woods Benn Steil, 2013-02-24 Recounts the events of the Bretton Woods accords, presents portaits of the two men at the center of the drama, and reveals Harry White's admiration for Soviet economic planning and communications with intelligence officers. |
| what was the reconstruction finance corporation: Reconstruction Finance Corporation Act United States, 1935 |
| what was the reconstruction finance corporation: The Great Contraction, 1929-1933 Milton Friedman, Anna Jacobson Schwartz, 2012-12-27 Friedman and Schwartz's A Monetary History of the United States, 1867-1960, published in 1963, stands as one of the most influential economics books of the twentieth century. A landmark achievement, the book marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. The chapter entitled The Great Contraction, 1929-33 addressed the central economic event of the century, the Great Depression. Published as a stand-alone paperback in 1965, The Great Contraction, 1929-1933 argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy--a concept that has come to inform the actions of central banks worldwide. This edition of the original text includes a new preface by Anna Jacobson Schwartz, as well as a new introduction by the economist Peter Bernstein. It also reprints comments from the current Federal Reserve chairman, Ben Bernanke, originally made on the occasion of Milton Friedman's 90th birthday, on the enduring influence of Friedman and Schwartz's work and vision. |
| what was the reconstruction finance corporation: The Banking Crisis of 1933 Susan Estabrook Kennedy, 2021-05-11 A “well-written, carefully researched study” of this dramatic episode in American financial history, when the banking industry verged on complete collapse (Business History Review). On March 6, 1933, Franklin D. Roosevelt, less than forty-eight hours after becoming president, ordered the suspension of all banking facilities in the United States. How the nation had reached such a desperate situation and how it responded to the banking “holiday” are examined in this book, the first full-length study of the crisis. Although the 1920s had witnessed a wave of bank failures, the situation worsened after the 1929 stock market crash, and by the winter of 1932-1933, complete banking collapse threatened much of the nation. President Hoover’s stopgap measures proved totally inadequate, the author shows, and by March 4, the day of Roosevelt’s inauguration, thirty-four states had declared banking moratoriums. Of special interest in this study is the author’s examination of relations between Herbert Hoover and Franklin D. Roosevelt. Upon the book’s publication, Reviews in American History described The Banking Crisis of 1933 as “by far the best and most comprehensive [study] that has appeared,” and praised its “clear and readable style.” |
| what was the reconstruction finance corporation: Reconstruction Finance Corporation Seven-year Report to the President and the Congress of the United States, Feb. 2, 1932 to Feb. 2, 1939 Reconstruction Finance Corporation, 1939 |
| what was the reconstruction finance corporation: The Financial Crisis Inquiry Report, Authorized Edition United States. Financial Crisis Inquiry Commission, 2011-01-27 Examines the causes of the financial crisis that began in 2008 and reveals the weaknesses found in financial regulation, excessive borrowing, and breaches in accountability. |
| what was the reconstruction finance corporation: Inquiry Into the Operation of the Reconstruction Finance Corporation and Its Subsidiaries Under Senate Resolution 132 United States. Congress. Senate. Committee on Banking and Currency, United States. Congress. Senate. Committee on Banking and Currency. Special Subcommittee to Investigate the Reconstruction Finance Corporation, 1948 |
| what was the reconstruction finance corporation: The End of the Second Reconstruction Richard Johnson, 2020-06-30 Democracy in the United States is under threat. The Trump administration’s attack on the legacy of the civil rights movement is undermining America’s claims to be a multi-racial democracy. This moment of peril has worrying parallels with a previous era of American history. The gains of the Reconstruction era after the civil war, which saw African Americans given full democratic rights, were totally reversed within a generation. There is a serious risk that the advances of the civil rights era – the ‘Second Reconstruction’ – will go the same way unless we learn from the past and appreciate that American democracy has never been a story of linear progress. Skilfully analysing the similarities – and the differences – between the 1870s and the 2010s, Johnson outlines a political strategy for avoiding a disastrous repetition of history in in the twilight of the Second Reconstruction. Anyone interested in seeing the Trump presidency in wider historical context, from students of race, politics and history in the US to the interested general reader, will find this book an essential and sobering guide to our past – and, if we’re not careful, our future. |
| what was the reconstruction finance corporation: The Federal Reserve Act (approved December 23, 1913) as Amended United States, 1920 |
| what was the reconstruction finance corporation: Herbert Hoover and the Reconstruction Finance Corporation, 1931-1933 James Stuart Olson, 1977 |
| what was the reconstruction finance corporation: Slavery by Another Name Douglas A. Blackmon, 2012-10-04 A Pulitzer Prize-winning history of the mistreatment of black Americans. In this 'precise and eloquent work' - as described in its Pulitzer Prize citation - Douglas A. Blackmon brings to light one of the most shameful chapters in American history - an 'Age of Neoslavery' that thrived in the aftermath of the Civil War through the dawn of World War II. Using a vast record of original documents and personal narratives, Blackmon unearths the lost stories of slaves and their descendants who journeyed into freedom after the Emancipation Proclamation and then back into the shadow of involuntary servitude thereafter. By turns moving, sobering and shocking, this unprecedented account reveals these stories, the companies that profited the most from neoslavery, and the insidious legacy of racism that reverberates today. |
| what was the reconstruction finance corporation: Reconstruction finance corporation seven-year report to the President and the Congress of the United States, Feb. 2, 1932 to Feb. 2, 1939, by Jesse H. Jones, Chairman Reconstruction Finance Corporation., 1939 |
| what was the reconstruction finance corporation: Quarterly Report of Reconstruction Finance Corporation to the Congress Covering the Corporation's Operations for the Periods ... Reconstruction Finance Corporation, 1937 |
| what was the reconstruction finance corporation: Financial Stability, Economic Growth, and the Role of Law Douglas W. Arner, 2007-06-04 Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role. |
Reconstruction era - Wikipedia
The Reconstruction era was a period in US history that followed the American Civil War (1861-65) and was dominated by the legal, social, and political challenges of the abolition of slavery and …
Reconstruction | Definition, Summary, Timeline & Facts | Britannica
Reconstruction, the period (1865–77) after the American Civil War during which attempts were made to redress the inequities of slavery and its political, social, and economic legacy and to …
Reconstruction - Civil War End, Changes & Act of 1867 - HISTORY
Oct 29, 2009 · Reconstruction (1865-1877), the turbulent era following the Civil War, was the effort to reintegrate Southern states from the Confederacy and 4 million newly-freed people into the …
What was the Reconstruction Era and what challenges did it …
Nov 4, 2024 · The Reconstruction era followed the American Civil War and dealt with the reintegration of the eleven former Confederate states into the Union. It also addressed the legal, …
Reconstruction - U.S. National Park Service
Jan 29, 2024 · Reconstruction (1865-1877), the period that followed the American Civil War, is perhaps the most controversial era in American history. Traditionally portrayed by historians as a …
Reconstruction [ushistory.org]
Reconstruction refers to the period following the Civil War of rebuilding the United States. It was a time of great pain and endless questions. On what terms would the Confederacy be allowed back …
Reconstruction: A Resource Guide - Library of Congress
Feb 12, 2025 · The Reconstruction era was the period of American history immediately following the Civil War, lasting from 1865 to 1877. This guide provides access to digital materials at the Library …
Reconstruction: An Overview - American Battlefield Trust
Aug 4, 2020 · Reconstruction marked a turning point in the nation’s history. With the ratification of the 14th and 15th Amendments, the country could begin to heal from the Civil War and promote …
Reconstruction - Encyclopedia.com
May 18, 2018 · When the Civil War ended, the United States faced the challenge of reconstructing a newly expanded civil democracy amid the rubble of war. Reconstruction called on the energies of …
Reconstruction: A Timeline of the Post-Civil War Era - HISTORY
Feb 3, 2021 · Reconstruction is generally divided into three phases: Wartime Reconstruction, Presidential Reconstruction and Radical or Congressional Reconstruction, which ended with the …
Reconstruction era - Wikipedia
The Reconstruction era was a period in US history that followed the American Civil War (1861-65) and was dominated by the legal, social, and political challenges of the abolition of slavery and …
Reconstruction | Definition, Summary, Timeline & Facts | Britannica
Reconstruction, the period (1865–77) after the American Civil War during which attempts were made to redress the inequities of slavery and its political, social, and economic legacy and to …
Reconstruction - Civil War End, Changes & Act of 1867 - HISTORY
Oct 29, 2009 · Reconstruction (1865-1877), the turbulent era following the Civil War, was the effort to reintegrate Southern states from the Confederacy and 4 million newly-freed people …
What was the Reconstruction Era and what challenges did it …
Nov 4, 2024 · The Reconstruction era followed the American Civil War and dealt with the reintegration of the eleven former Confederate states into the Union. It also addressed the …
Reconstruction - U.S. National Park Service
Jan 29, 2024 · Reconstruction (1865-1877), the period that followed the American Civil War, is perhaps the most controversial era in American history. Traditionally portrayed by historians as …
Reconstruction [ushistory.org]
Reconstruction refers to the period following the Civil War of rebuilding the United States. It was a time of great pain and endless questions. On what terms would the Confederacy be allowed …
Reconstruction: A Resource Guide - Library of Congress
Feb 12, 2025 · The Reconstruction era was the period of American history immediately following the Civil War, lasting from 1865 to 1877. This guide provides access to digital materials at the …
Reconstruction: An Overview - American Battlefield Trust
Aug 4, 2020 · Reconstruction marked a turning point in the nation’s history. With the ratification of the 14th and 15th Amendments, the country could begin to heal from the Civil War and …
Reconstruction - Encyclopedia.com
May 18, 2018 · When the Civil War ended, the United States faced the challenge of reconstructing a newly expanded civil democracy amid the rubble of war. Reconstruction called on the …
Reconstruction: A Timeline of the Post-Civil War Era - HISTORY
Feb 3, 2021 · Reconstruction is generally divided into three phases: Wartime Reconstruction, Presidential Reconstruction and Radical or Congressional Reconstruction, which ended with …
