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Kaiser, Henry J. (Henry John), 1882-1967

Photo of Henry J. Kaiser appearing before the RFC

Photo of Henry J. Kaiser requesting the Reconstruction Finance Corporation write off $34,510,000 of the debt he owed the government for the Fontana, California steel plant. In return, he promised to raise $80,000,000 by private financing to double the steel-making capacity of the Fontana plant. He believed this would have had a material effect on relieving the existing steel shortage. From: Beth Gore.