Corporation was a government corporation in the United States created to give financial support to industries essential for World War I, and to banking institutions that aided such industries. It continued to give support to various efforts during the interwar period. The corporation was created by a Congressional act of April 5, 1918, and abolished on July 1, 1939.
Since government borrowing to pay for the war had attracted a majority of private capital, little capital was available for corporations to borrow; the War Finance Corporation was designed to make such capital available. After the armistice in late 1918, the Corporation assisted in the transition to peacetime by financing railroads under government control, and making loans to American exporters and agricultural cooperative marketing associations. The Corporation established agricultural loan agencies in farming areas, and cooperated with several livestock loan companies. Eugene Meyer, a wealthy and ambitious Wall Street financier, was its managing director.
finance, corporation, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, april. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources War Finance Corporation news newspapers books scholar JSTOR April 2008 Learn how and when to remove this template message Corporationwas a government corporation in the United States created to give financial support to industries essential for World War I and to banking institutions that aided such industries It continued to give support to various efforts during the interwar period The corporation was created by a Congressional act of April 5 1918 and abolished on July 1 1939 Since government borrowing to pay for the war had attracted a majority of private capital little capital was available for corporations to borrow the War Finance Corporation was designed to make such capital available After the armistice in late 1918 the Corporation assisted in the transition to peacetime by financing railroads under government control and making loans to American exporters and agricultural cooperative marketing associations The Corporation established agricultural loan agencies in farming areas and cooperated with several livestock loan companies Eugene Meyer a wealthy and ambitious Wall Street financier was its managing director References editExternal links editRecords of the War Finance Corporation at the National Archives and Records Administration Historical documents related to the war finance nbsp This United States government related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title War Finance Corporation amp oldid 1193576768, wikipedia, wiki, book, books, library,
