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The Rise of the Public AuthorityStatebuilding and Economic Development in Twentieth-Century America$
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Gail Radford

Print publication date: 2013

Print ISBN-13: 9780226037691

Published to Chicago Scholarship Online: September 2013

DOI: 10.7208/chicago/9780226037868.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 25 June 2022

The Truncated Career of Autonomous Federal Agencies

The Truncated Career of Autonomous Federal Agencies

(p.89) FOUR The Truncated Career of Autonomous Federal Agencies
The Rise of the Public Authority

Gail Radford

University of Chicago Press

This chapter traces the history of federal corporate agencies. Modeled after the Emergency Fleet Corporation and the Federal Land Banks, government-owned corporations became a familiar part of the federal government's administrative repertoire during the First World War, and these mechanisms were again called into service during the Great Depression by both the Hoover and Roosevelt administrations. While President Hoover initiated this practice when he asked Congress to establish the Reconstruction Finance Corporation and the Federal Home Loan Banks, it was Franklin Roosevelt and his officials who extensively used these devices as they struggled to expand government capacity under emergency conditions.

Keywords:   federal corporate agencies, government corporations, public authorities, Franklin Roosevelt, President Hoover

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