| Share
 

Jesse Holman Jones

Jones, Jesse Holman, 1874–1956, U.S. Secretary of Commerce (1940–45), b. Robertson co., Tenn. A lumber magnate, banker, and millionaire of Houston, Tex., Jones was appointed (1932) by President Hoover as a member of the Reconstruction Finance Corporation (RFC). He became (1933) its chairman under Franklin Delano Roosevelt, and, with the merging of the RFC with other federal agencies, he was appointed (1939) federal loan administrator. Jones's performance in the RFC won such high praise that, after his appointment (1940) as Secretary of Commerce, Congress transferred the RFC from the Federal Loan Agency to the Department of Commerce. His close ties with the business community made him indispensable to the Roosevelt administration, and during World War II he was one of the most powerful men in Washington, D.C. He retired from government service in 1945.

See his Fifty Billion Dollars (1951).

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

More on Jesse Holman Jones from Infoplease:

See more Encyclopedia articles on: U.S. History: Biographies


Premium Partner Content
HighBeam Research
Documents Images and Maps Reference
(from Newspapers, Magazines, Journals, Newswires, Transcripts and Books)

Research our extensive archive of more than 80 million articles from 6,500 publications.

Additional search results provided by HighBeam Research, LLC. © Copyright 2005. All rights reserved.

24 X 7

Private Tutor

Click Here for Details
24 x 7 Tutor Availability
Unlimited Online Tutoring
1-on-1 Tutoring