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Jesse H. Jones
Jesse Holman Jones (April 5, 1874June 1, 1956) was a Democratic politician and entrepreneur from Houston, Texas. He served as United States Secretary of Commerce from 1940 to 1945.
His most important role was to head the Reconstruction Finance Corporation (RFC), (1932–1945), a federal agency originally created in the Herbert Hoover administration that played a major role in combating the Great Depression and financing industrial expansion during World War II.〔Jones, Jesse H. ''Fifty billion dollars;: My thirteen years with the RFC, 1932-1945'' (1951)〕 Jones was in charge of spending US$50 billion, especially in financing railways and building munitions factories.
==Early life==
Born in Robertson County, Tennessee, Jones was the son of tobacco farmer and merchant William Hasque Jones and Laura Anna Holman. His mother died in 1880, when he was six years old. 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, M. T. Jones, died, Jones moved to Houston to manage his uncle's estate and opened a lumberyard company, which grew quickly. During this period, Jesse opened his own business, the South Texas Lumber Company. He also began to expand into real estate, commercial building and banking.
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