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.
A main reason why loans were given out was to relieve the depositors to get their money back. The Reconstruction Finance Corporation spent $1.5 billion in 1932, $1.8 billion in 1933, and $1.8 billion in 1934.Then it dropped to about $350 million a year. On the eve of World War II (August 31, 1939), it greatly expanded to build munitions factories, disbursing $1.8 billion in 1941.he Reconstruction Finance Corporation played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933.