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loan money to banks, insurance companies, and other depressed businesses...... I got it right on my homework so it's right for sure

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What is the Reconstruction Finance Corporation that Hoover passed?

Hoover established the Reconstruction Finance Corporation to provide money to businesses and banks after the immediate effects of the Great Depression. This was a major contribution of financial aid from Hoover that was viewed as too little and too late in the eyes of the impatient U.S. citizens.


Did President Hoover veto the reconstruction finance corporation throughout the great depression?

While President Hoover did veto the Reconstruction Finance Corporation bill, it was passed over his veto. He had already been defeated by Franklin Roosevelt the previous November and was only president for one more month after the veto.


When was Reconstruction Finance Corporation created?

The Reconstruction Finance Corporation (RFC) was an independent agency of the United States government chartered during the administration of Herbert Hoover in 1932. It was modeled after the War Finance Corporation of World War I. The agency gave $2 billion in aid to state and local governments and made loans to banks, railroads, farm mortgage associations, and other businesses. The loans were nearly all repaid. It was continued by the New Deal and played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933.


What measures did the government take during the hundred days to end depression?

Hoover created the Reconstruction Finance Corporation to provide low interest loans, and policies created by President Roosevelt included The New Deal.


What caused Herbert hover to raise taxes during the depression?

Hoover broke with Republicans and did away with the taxes that had been placed on citizens during the Coolidge administration. He thought that would allow for more income being spent to help the economy rebound. He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy.

Related Questions

What is the Reconstruction Finance Corporation that Hoover passed?

Hoover established the Reconstruction Finance Corporation to provide money to businesses and banks after the immediate effects of the Great Depression. This was a major contribution of financial aid from Hoover that was viewed as too little and too late in the eyes of the impatient U.S. citizens.


How was the Reconstruction Finance Corporation supposed to battle the depression?

by giving government loans to businesses and banks


What is a good Statement best describes the function of the reconstruction finance corporation?

it authorized loans during the Great depression


The reconstruction finance corporation aimed to?

Define the Reconstruction Finance Corporation?


What did President Herbert Hoover encourage Congress to establish in order to increase business activity during the Great Depression?

reconstruction finance corporation :D


What did president herbert hoover encouraged congress to establish in order to increase business activity during the great depression?

reconstruction finance corporation :D


Which their best describes the function of the reconstruction Finance Corporation?

The Reconstruction Finance Corporation (RFC), established in 1932, aimed to provide financial support to banks, railroads, and other businesses during the Great Depression. Its primary function was to stabilize the economy by offering loans to struggling institutions to prevent failures and stimulate recovery. By providing liquidity, the RFC played a crucial role in restoring public confidence in the financial system and promoting economic growth.


Did President Hoover veto the reconstruction finance corporation throughout the great depression?

While President Hoover did veto the Reconstruction Finance Corporation bill, it was passed over his veto. He had already been defeated by Franklin Roosevelt the previous November and was only president for one more month after the veto.


Two accomplishments of Hoover's administration?

Two accomplishments of Hoover's administration include the establishment of the Reconstruction Finance Corporation, which provided financial assistance to struggling industries and banks during the Great Depression, and the signing of the Smoot-Hawley Tariff Act, which raised tariffs on imported goods with the intention of protecting American businesses. However, the act ultimately worsened the Great Depression by triggering retaliatory trade measures from other countries.


Did the reconstruction finance corporation succeed in achieving its goal?

The Reconstruction Finance Corporation (RFC), established in 1932, aimed to provide financial support to banks, industries, and state and local governments during the Great Depression. While it succeeded in stabilizing some financial institutions and stimulating economic recovery, its overall impact was limited by the scale of the economic crisis and its focus on providing loans rather than direct assistance to individuals. Ultimately, the RFC laid the groundwork for future federal intervention in the economy, but it did not fully resolve the challenges of the Great Depression.


When was Reconstruction Finance Corporation created?

The Reconstruction Finance Corporation (RFC) was an independent agency of the United States government chartered during the administration of Herbert Hoover in 1932. It was modeled after the War Finance Corporation of World War I. The agency gave $2 billion in aid to state and local governments and made loans to banks, railroads, farm mortgage associations, and other businesses. The loans were nearly all repaid. It was continued by the New Deal and played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933.


What benefited from the reconstruction finance corporation?

The Reconstruction Finance Corporation (RFC), established in 1932, primarily benefited banks, railroads, and various industries by providing them with loans and financial support during the Great Depression. This assistance aimed to stabilize the economy and prevent widespread business failures. Additionally, the RFC played a crucial role in funding public works projects, which helped create jobs and stimulate economic recovery. Its efforts ultimately contributed to the revitalization of the American economy in the 1930s.