What did Dawes briefly lead during the Great Depression?
Federal Reserve
Senate
Recon. Finance Corp.
Dept. of Commerce
Answer
The Reconstruction Finance Corporation (RFC), established in 1932 under President Herbert Hoover and led briefly by Charles G. Dawes, played a pivotal role during the Great Depression by providing financial assistance and loans to banks, railroads, and other struggling industries. By infusing capital into these sectors, the RFC aimed to stimulate economic activity, bolster the financial system, and alleviate the hardships brought on by the severe economic downturn.
From Banking to VP: Unraveling the Legacy of Charles G. Dawes
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