The Reconstruction Finance Corporation (RFC) was a government agency established in 1932 during the Great Depression to provide financial support to banks, railroads, and other businesses in order to stimulate the economy. The RFC aimed to restore confidence in the financial system by providing loans and purchasing securities, ultimately seeking to promote recovery from the economic crisis. Its role was pivotal in the context of economic mobilization and war production as it helped to stabilize industries that were crucial for military efforts during World War II.
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