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Jesse H. Jones

Reconstruction Finance Corporation

1933 - 1939

Finance

1930 b. 1874
male
Personal
Born-Died1874 - 1956
BirthplaceTennessee (TN)
RaceWhite
FatherFarmer / Rancher
Era - 1930

Under Jonesí presidency, RFC became the nationís largest bank and biggest single investor. It not only provided loans to established banks, but also encouraged new ventures and sought to enlarge bank capital by buying bank-preferred stock, creating a base for credit expansion. As head of RFC and its empire of numerous subsidiaries, Jones became one of the most powerful figures in America.