Final answer:
The National Fire Protection Association (NFPA) was formed in 1896, with a role in fire safety and prevention. The claim in the question lacks sufficient context, and the provided references are not relevant to the NFPA's formation purpose, making it difficult to definitively answer true or false.
Step-by-step explanation:
The National Fire Protection Association (NFPA) was indeed formed in 1896; however, the question asked does not provide sufficient information to determine whether the intention for its formation was specifically to determine how to reduce fire loss in America. The NFPA is widely known for creating codes and standards intended to minimize the possibility and effects of fire and other risks.
While it is true that the NFPA plays a significant role in fire safety and prevention, the statement provided does not directly correlate to the NFPA's establishing purpose mentioned in the question, nor is it supported by the references provided. The references such as Benjamin Franklin's establishment of the first abolitionist society, the role of the Freedmen's Bureau, and the Panic of 1819 are not relevant to the NFPA's formation. Given that the references do not support the claim that the NFPA was formed specifically to reduce fire loss, we cannot provide a definitive true or false answer without more context or clarification.