Blog Archive

Tuesday, July 25, 2023

07-24-2023-2348 - Piecemeal approach (1930s–1960s) (DRAFT)

Piecemeal approach (1930s–1960s)

After the start of the Great Depression in 1929, President Herbert Hoover had commissioned the Reconstruction Finance Corporation in 1932.[8] The purpose of the RFC was to lend money to banks and institutions to stimulate economic activity. RFC was also responsible for dispensing federal dollars in the wake of a disaster. RFC can be considered the first organized federal disaster response agency.

The Bureau of Public Roads in 1934 was given authority to finance the reconstruction of highways and roads after a disaster. The Flood Control Act of 1944 also gave the U.S. Army Corps of Engineers authority over flood control and irrigation projects and thus played a major role in disaster recovery from flooding.[9] 

https://en.wikipedia.org/wiki/Federal_Emergency_Management_Agency

No comments:

Post a Comment