Jesse Holman Jones

Jesse Holman Jones, Mr. Houston

July 29, 2010 | By Gene Fowler

When the economy stumbled last fall, older Americans who remembered the Great Depression might have thought, “What this country needs is another Texan like Jesse Jones.” As chairman of President Roosevelt’s Reconstruction Finance Corporation from 1933 to 1939, Jones—a believer in capitalism
for the common good—helped many of the country’s banks, farms, and other businesses avoid economic ruin.

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