.jpg) A young shuttle driver at the Allis-Chalmers Supercharger plant in Milwaukee (October 1942) | |
| Company type | State-owned enterprise |
|---|---|
| Industry | Financial services |
| Founded | 1940 |
| Founder | Government of the United States |
| Defunct | 1945 |
| Fate | Closed as no longer needed after the end of World War II |
| Headquarters | , |
Area served | United States |
| Products | War production loans |
| Parent | Reconstruction Finance Corporation |
The Defense Plant Corporation (DPC), was an American subsidiary of the Reconstruction Finance Corporation, a government corporation run by the United States federal government between 1940 and 1945. To win World War II the United States and its Allied Nations needed massive war production. Many private companies did not have the capital funds to meet the wartime demand for buildings and equipment.
Defense Plant Corporation provided financial support to state and local governments.[1] Defense Plant Corporation also made loans to banks, railroads, mortgage associations, and other businesses supporting the war efforts.[2]
- ^ Vossmeyer, Angela (May 2014). "Treatment Effects and Informative Missingness with an Application to Bank Recapitalization Programs". The American Economic Review. 104 (5): 212–217. doi:10.1257/aer.104.5.212.
- ^ Olson, James S. (2017) [1988]. Saving Capitalism: The Reconstruction Finance Corporation and the New Deal, 1933–1940. Princeton University Press. ISBN 978-0-691-62952-0.