historical Reconstruction Finance Corporation
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Vocabulary

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1)Reconstruction- The period of time after the civil war when the south was rebuilt. 

*My house and wealth was getting better after the reconstruction for the war.

2)Amnesty- To forgive or pardon an act

* the president made a racist law that would ban any immigrant and the senators was amnesty since they are citizens.

3)Radical- extreme the normal level.

* The President made a radical statement that made its other nation worry.

4)Freedmen- slaves that were free after the civil war.

* My friend was a freedmen when he came back from the war and we celebrated his race's freedom.

5)Override- when congress have enough vote to veto the president.

* The president made a law that would ban all weapons but it was override when all of the people wasnt happy about it.

6)impeach-  to charge a high official with crimes.

* the police was impeach after he shot a innocent immigrant on the streets.

7)Corruption- illegal actions

* After the freedom from the wars, a new corruptions was born when a new leader was accepted.

8)Integrate- Includes both white and african americans.

* What many people dont know is that the past was mostly integrate.

9)Segregration- seperation of a race.

* before the war african peolpe was consider a segregration to all race.

10) poll tax- a tax a person had to pay before they can vote.

* since i was poor and had no money, the poll tax prevented me to vote for my favorite president.

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Historical Primary Document # 2

Historical Primary Document # 2 | historical Reconstruction Finance Corporation | Scoop.it
ChengMeng Yang's insight:

I picked this picture because it basically explained everything. The RFC had alot of money because of the loans it gave out. and those loans were given to poor banks and poor economy. So in conclusion the US treasury money making was split with the RFC. And when the loners cant pay back, the RFC gain more money from each company.

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Historical Websites Today #2: Long Island, New York | NY | Bankruptcy Lawyer | Attorney At Law

Historical Websites Today #2: Long Island, New York | NY | Bankruptcy Lawyer | Attorney At Law | historical Reconstruction Finance Corporation | Scoop.it
Long Island, New York Bankruptcy attorney Craig D. Robins,representing individuals and businesses in bankruptcy law | Long Island, New York Bankruptcy
ChengMeng Yang's insight:

i picked this site mainly because its due to bank bankruping other people and never to always trust banks. 

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Historical Websites #3: history of Reconstruction Finance Corporation

Historical Websites #3: history of Reconstruction Finance Corporation | historical Reconstruction Finance Corporation | Scoop.it
The role of Reconstruction Finance Corporation in the history of the United States of America.
ChengMeng Yang's insight:

Now the reason why i pick this one was because it explained everything. From the history of the US of how and why the RFC was produce, in order to save america depression.

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Historical websites #1 : Reconstruction Finance Corporation | Economic History Services

ChengMeng Yang's insight:

i picked this website because it explained when the RFC was established and what kind of characteristic it has

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Historical Fiction Letter

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In the beginning of the civil war I have served the army and lived through it all. Time back at home wasn’t so bright and all daylight. While I was away the only thing I could think about is my home and how my wife and family was doing. After the war I came home thinking only how I could stay and live peacefully with my wife and kids. But because of the war my life had change. I came back home thinking that its only going to be me and my wife at home and the kids, but when I got there the house was empty. One of my neighbors came to me and told me that my wife had already met another young man and is now living with him. I couldn’t believe my ears at first but I shed tears like as if there was no tomorrow. The only thing then that came through my mind was that “ why couldn’t she had waited for me and did she not loved me enough”. Going crazy but I had to go to work in the morning so I went to bed. Sleeping through this nightmare was the most terrifying thing next to dying. Work the next day was terrible. Rob, my co-worker had told me that my wife and kids was living in the next town and that she told him to tell me to not look for them. It was terrible, the pain that holds through my chest. I always thought that life was all about money and family. But I had been betrayed and the only thing that is still keeping me alive is my job. Not many people had earned jobs because of the war. Even though we are making money our people are losing money and cant pay off their loans. Seriously what a bunch of fools they are. I had been confident in my own power that I will never become penniless and will always have money. In the end of Monday me and rob decided to go to the club to relieve some stress. Like always there are so many women that only want money. I wonder how Ashley (my wife) is doing right now.  Rob told me that he would pay for my drink and for me to only drink up. I told him that if its okay with him then its cool. I had to many to drink and woke up in the club. My friend was gone and the only one that I can see was the bartender. She was very beautiful and stunning that I couldn’t take my eyes off her. Until she told me that while I was asleep the guy next to me had taken my wallet and stole all of my personal things. I couldn’t believe her at first until I checked my pockets. She was right everything including my ID was gone. The only person that I can remember that was next to me was Rob. I was speechless and went back home as soon as possible. I went to the bank to see if any of my money was still remaining and the worst news came. The bank had told me that I had withdrawn all of my money and even borrowed loans from them. But they went out of business at the same time and all of other depositor’s money was gone. I walked home penniless and even lost my job because our company went out of business. As soon as I got home someone had already bought my house and told me that I need to go live somewhere else. I couldn’t pay off my loans and nonetheless afford a job now.

Stayed under the bridge with the other unemployed people and we talked. I can start seeing the way they see life now. My stomach was growling and I was hungry. I never knew that not having any money would be so hard. Then the other unemployed guy told me that I should check how much loan I borrowed and that I should pay it off. I already told them that I didn’t borrow any money or withdrawn it. I hated Rob to the point that I want to murder him; it always came across my mind for a certain time. The depression that went over the US was the hardest thing that I had been through. President Roosevelt and the senate passed a law that would help its people. They recovered banks and other major damage. But not my life I am never going to get it back. The person that I was talking is a freedmen and he had told me that he seen my wife with a man just a while ago at the bar. Filled with anger I went to the place and saw them. It was Rob; He had stolen my wife and stolen my money and ID.  I punched the guy as soon as he looked my way. After that my wife slapped me and told me to not touch Rob. But when worst came, gunfire was opened. Rob had shot me and I couldn’t remember much of it. I woke up at the hospital with the bartender girl next to me saying that if she wasn’t there then id be dead. I was grateful and told her that I owe my life to her. She smiled to me and told me that I could work there with her until I payed off all of my loans. I cried and hugged her tightly while she hugged me back. She was the reconstruction of my life and it seemed that my entire nightmare had disappeared. Everything was so radical at this point and I wished it were all a dream. But it wasn’t I guess it was fate that brought lily and me together, to work under stress and hard times. In the middle of work I saw my ex wife and she told me that she wants me back. I looked at lily and smiled and told Ashley to go away and good luck with all the money they stole. Life is never all about the money, its about the love that people share through heart.

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Historical Primary Document #3

Historical Primary Document #3 | historical Reconstruction Finance Corporation | Scoop.it
ChengMeng Yang's insight:

This is a picture of Clerks at the Reconstruction Financial Corporation. The Financial have jobs such as checking records and viewing who they gave thier loans out to. Always checking for date and time on which kind of things they helped on for giving out loans. I chose this picture mainly because it show the type of work the financial had to do back then and what kind of life style they lived. 

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historical primary document # 1

historical primary document # 1 | historical Reconstruction Finance Corporation | Scoop.it
ChengMeng Yang's insight:

the reason why im picking this is because it shows the results. After the great depression america took a fall. And so did banking and workers. Many people lost jobs and went unemployed due to too much finance problems and loans. And this is when the RFC was created, to prevent anymore problems. The RFC was supported from the president and government. 

The RFC gave out more loans to other bank and made sure that each bank can survive.

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Historical Websites Today #1: Merrill Lynch embezzler now faces bankruptcy woes

Historical Websites Today #1: Merrill Lynch embezzler now faces bankruptcy woes | historical Reconstruction Finance Corporation | Scoop.it
HARTFORD, Conn. (AP) — After getting out of prison in 2007 for stealing $43 million from Merrill Lynch, Daniel Gordon quickly was back in business, loaning hundreds of thousands of dollars to pro athletes at interest rates topping 75 percent per...
ChengMeng Yang's insight:

now i picked this one because it kinda relates to bankruptcy. It faces with banks losing money.

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Historical Websites #2: RFC purpose

Reconstruction Finance Corporation , former U.S. government agency, created in 1932 by the administration of Herbert Hoover. Its purpose was to
ChengMeng Yang's insight:

i decided to pick this site because it shows the real purpose of the RFC. President Roosevelt decided to help america while they were in bad shape after the war and depression.

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