- War Finance Corporation
The War Finance Corporation was a
government corporationin the United Statescreated 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
armisticein 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, Jr., a wealthy and ambitious capitalist, Wall Street Banker, was its managing director.
* [http://www.archives.gov/research/guide-fed-records/groups/154.html Records of the War Finance Corporation] at the
National Archives and Records Administration
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