Judge Daniel Thomas Tillman died July 23, 2014 at the Life Care Centers of America nursing facility in St. Louis from complications of Alzheimerâs disease, his family said. He was 86 and a longtime resident of the Central West End. He grew up in North Carolina, never planning on living in St. Louis.
How did the Reconstruction Finance Corporation (RFC) help jump-start the economy? The RFC provided mortgage loans for families who lost their homes to foreclosure. The RFC increased the amount of money allocated to construction projects across the country.
The Reconstruction Finance Corporation (RFC) was established during the Hoover administration with the primary objective of providing liquidity to, and restoring confidence in the banking system.The banking system experienced extensive pressure during the economic contraction of 1929-1933.FC data are from Final Report on the Reconstruction Finance Corporation, Secretary of the Treasury, 1959. Currency data are from The Monetary History of the United States, 1867-1960, Friedman and Schwartz, 1963. Bank suspension data are from Federal Reserve Bulletin, Board of Governors, September 1937.