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.
Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy. Hoover blamed the Depression on foreign economic collapse over which he had no control.otal spending on public works in 1930 exceeded $4 billion. Hoover tried to help by pressuring business leaders to keep wages high when economic conditions dictated that they fall. Professor Lee E. Ohanian calculates that this accounts for as much as 2/3 of the unemployment in the first years of the Great Depression.