Jesse Holman Jones from the Great Depression is regarded as one of the most influential men in the revival of the American economy. With only one eighth Class education, he rose to the top of bank, property, and timber industries, as well as the upper echelons of politics as head of the Reconstruction Finance Corporation (RFC), as secretary of commerce and during World War I, as Chief of the military discharge for the American Red Cross. He was responsible for the conversion of his adopted home ci … Read more »

Jesse Holman Jones from the Great Depression is regarded as one of the most influential men in the revival of the American economy. With only one eighth Class education, he rose to the top of bank, property, and timber industries, as well as the upper echelons of politics as head of the Reconstruction Finance Corporation (RFC), as secretary of commerce and during World War I, as Chief of the military discharge for the American Red Cross. He was responsible for the conversion of his adopted home of Houston, Texas, in the most important city for international trade in the south. After Franklin D. Roosevelt Jones had, instead of the most influential and powerful man in the New Deal through its control over the billions of dollars RFC. With this power, he affected many American cities and the way our financial system currently operates. A rewritten version of an earlier case.
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from
Nitin Nohria,
Anthony J. Mayo,
Bridget Gurtler
Source: Harvard Business School
20 pages.
Publication Date: Jul 28, in 2005. Prod #: 406029-PDF-ENG
Jesse Holman Jones and the Reconstruction Finance Corp. HBR case solution

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