Second, as the Great Depression set in the Reconstruction Finance Corporation under President Hoover sought to stimulate the economy with soft loans targeted to banks, railways and large companies.
These corporations were involved in funding the development of synthetic rubber, construction and operation of a tin smelter, and establishment of abaca (Manila hemp) plantations in Central America.
Canadian Broadcasting Corporation | Australian Broadcasting Corporation | Oracle Corporation | International Finance Corporation | Chevron Corporation | Digital Equipment Corporation | International Bank for Reconstruction and Development | Reconstruction | News Corporation | Lockheed Corporation | Finance | corporation | Hearst Corporation | Scholastic Corporation | Northrop Corporation | Munhwa Broadcasting Corporation | Gibson Guitar Corporation | CBS Corporation | finance | Fender Musical Instruments Corporation | ITT Corporation | Sharp Corporation | RAND Corporation | European Bank for Reconstruction and Development | NCR Corporation | Federal Deposit Insurance Corporation | Sperry Corporation | Singer Corporation | Case Corporation | Science Applications International Corporation |
The total cost of electrification was over USD $200 million, which was financed by government-supported loans from the Reconstruction Finance Corporation and the Public Works Administration.