Jesse H. Jones
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High Quality Content by WIKIPEDIA articles! Jesse Holman Jones (also known as Jesse H. Jones) (April 5, 1874 June 1, 1956) was a Houston, Texas politician and entrepreneur. He served as United States Secretary of Commerce from 1940 to 1945. His most important role was to head the Reconstruction Finance Corporation (RFC), (1932-45), a federal agency originally created by Herbert Hoover that played a major role in combating the Great Depression and financing industrial expansion in World War II. Jones was in charge of spending $50 billion, especially in financing railways and building munitions ...
High Quality Content by WIKIPEDIA articles! Jesse Holman Jones (also known as Jesse H. Jones) (April 5, 1874 June 1, 1956) was a Houston, Texas politician and entrepreneur. He served as United States Secretary of Commerce from 1940 to 1945. His most important role was to head the Reconstruction Finance Corporation (RFC), (1932-45), a federal agency originally created by Herbert Hoover that played a major role in combating the Great Depression and financing industrial expansion in World War II. Jones was in charge of spending $50 billion, especially in financing railways and building munitions factories. Born in Robertson County, Tennessee, Jones was the son of a tobacco farmer and merchant. His father sent him to manage a tobacco factory at age 14, and at 19 he was put in charge of his uncle's lumberyards. Five years later, after his uncle died, Jones moved to Houston to manage his uncle's estate and opened a lumberyard company, which grew quickly. He quickly made his mark as a builder across Houston, and helped to secure federal funding for the Houston Ship Channel, which made the city a viable port.
