reconstruction finance corporation

listen to the pronunciation of reconstruction finance corporation
English - English
U.S. government agency established (1932) to provide loans to railroads, banks, and businesses. The RFC was an attempt by Pres. Herbert Hoover to counter the early effects of the Great Depression by rescuing institutions from default. It was widely used by Pres. Franklin Roosevelt in the New Deal and to finance defense plants in World War II. After the war, the RFC's powers and functions were gradually transferred to other agencies
reconstruction finance corporation

    Hyphenation

    Re·con·struc·tion finance cor·po·ra·tion

    Turkish pronunciation

    rikınstrʌkşın fınäns kôrpıreyşın

    Pronunciation

    /ˌrēkənˈstrəksʜən fəˈnans ˌkôrpərˈāsʜən/ /ˌriːkənˈstrʌkʃən fəˈnæns ˌkɔːrpɜrˈeɪʃən/
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