When Uncle Sam owned banks and factories
Summary
The podcast episode from NPR's "The Indicator from Planet Money" talks about the Reconstruction Finance Corporation, a government institution started during the Great Depression by President Herbert Hoover. This corporation played a role in how the government influenced the economy, which has effects that continue to this day.Key Facts
- The Reconstruction Finance Corporation was created during the Great Depression.
- President Herbert Hoover established this corporation.
- It acted like a bank and was run by the government.
- The corporation's influence is still noticeable in today’s economy.
- The podcast discusses how government decisions impact the market.
- Fact-checking for the show was done by Julia Ritchey.
- The episode offers insights into government involvement in economic matters over time.
- The podcast is available without ads through a subscription service called Planet Money+.
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