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 an independent agency of the U.S. government, chartered during the administration of Herbert Hoover in 1932 in response to the Great Depression.he RFC would buy the preferred stock of an old railroad or a new corporation and lend it money. RFC dispersed $1.5 billion in 1932, $1.8 billion in 1933, and $1.8 billion in 1934. Loans and subsidies reached $10.6 billion by 1935 (in 1934 the entire GDP was $65 billion).