Explain the purpose of the Reconstruction Finance Corporation (RFC) created by President Hoover. Who benefited from this program?

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Charlize Swanson

5 June, 11:00

Explain the purpose of the Reconstruction Finance Corporation (RFC) created by President Hoover. Who benefited from this program?

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Sage · Answer 1

The Reconstruction Finance Corporation was created in 1932. The program was a hallmark of the New Deal era and it provided financial support to state and local governments to make loans to banks, railroads, and mortgage associations to boost confidence in the nation's banking system. It was fully owned and operated by the U. S. government.

Grumpy · Answer 2

to provide loans and resources to businesses

Explanation:

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