Jesse H. Jones

JONES, JESSE LCCN2016862707 (cropped)(b)

Jesse H. Jones (April 5, 1874 – June 1, 1956) was an American entrepreneur and politician who played a significant role in the economic development of the United States during the early 20th century. He is best known for his work as the head of the Reconstruction Finance Corporation (RFC) during the Great Depression and World War II.

Early Life and Career

Jesse Holman Jones was born in Robertson County, Tennessee, to parents William Hasque Jones and Laura Anna Holman. He moved to Dallas, Texas, in 1895, where he began his career in the lumber business. By 1898, he had relocated to Houston, Texas, where he expanded his business interests to include real estate, banking, and construction.

Business Ventures

Jones was instrumental in the development of Houston's infrastructure. He financed and constructed numerous buildings, including the Gulf Building, which was the tallest building in Houston at the time of its completion in 1929. He also played a key role in the development of the Houston Ship Channel, which significantly boosted the city's economy.

Public Service

Reconstruction Finance Corporation

In 1932, President Herbert Hoover appointed Jones to the board of the Reconstruction Finance Corporation (RFC), a government agency created to provide financial support to banks, industries, and other institutions during the Great Depression. Jones was later appointed as the chairman of the RFC by President Franklin D. Roosevelt in 1933. Under his leadership, the RFC became a crucial tool in stabilizing the American economy.

World War II Efforts

During World War II, Jones continued to serve as the head of the RFC, overseeing the financing of war production and the expansion of industrial capacity. His efforts were vital in ensuring that the United States could meet the demands of the war.

Later Life and Legacy

After the war, Jones returned to private life but remained active in business and philanthropy. He founded the Houston Endowment Inc., a charitable foundation that supports various educational, cultural, and health initiatives in Houston. Jones passed away on June 1, 1956, leaving behind a legacy of public service and economic development.

Related Pages

• Reconstruction Finance Corporation
• Great Depression
• World War II
• Houston, Texas
• Franklin D. Roosevelt
• Herbert Hoover

Categories

‎