Excerpt from War Finance Corporation Act
The War Finance Corporation Act is purely an emergency measure designed to obtain credits and resources for the operation of industries necessary and contributory to the prosecution of the war. To accomplish this, the law has a twofold purpose, first, to provide facilities whereby war industries may obtain necessary funds for operation, and, second, to restrict unnecessary capital expenditures in other than war industries. The term "war industries" is not limited to those industries turning out the actual munitions of war but, as stated by the Secretary of the Treasury, includes "all those supplying any of the elements of production or distribution in an industrial structure designed to meet the diversified requirements of the war."
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