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The RFC (Reconstruction Finance Corporation) was established by Congress in 1932. It was Hoover's desire to have the RFC lend money to banks, railroads, and other key economic institutions to make sure these institutions would remain in business. The idea was to help these businesses that had a shortage of capital. The RFC was not popular because the public viewed it as government helping big business at the expense of the workers who were earning less and the unemployed. It was based on Andrew Mellon's "trickle-down economics" but the problem was that little money trickled down to the average American.
What else can I help you with?
What did the southern state governments help to finance during the reconstruction period?
Railroads
Who is present chairman of Karnataka state finance commission chairman?
Mr.A.G.Kodgi
Which groups received loans from herbert hoovers reconstruction finance corporation?
banks and businesses
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.
Which of these is related to the Great Depression is it reconstruction Finance Board United Nations NATO or lend-lease act?
Reconstruction Finance Board Reconstruction Finance Board Reconstruction Finance Board
When did Reconstruction Finance Corporation end?
Reconstruction Finance Corporation ended in 1957.
Who is the presently chairman of finance commission?
Vijay Kelkar is the chairman of 13th finance commission the current finance commission is 13th
When was The Sixth Finance Commission created?
The Sixth Finance Commission was created in 1973.
When was The Eighth Finance Commission created?
The Eighth Finance Commission was created in 1984.
When was The Seventh Finance Commission created?
The Seventh Finance Commission was created in 1978.
When was The Fifth Finance Commission created?
The Fifth Finance Commission was created in 1968.
When was The Tenth Finance Commission created?
The Tenth Finance Commission was created in 1995.
What is venkataswami commission related to?
finance commission
Who is the chairman of finance commission in kerala?
Prof. M A Oommen is the Chairman of Finance Commission of Kerala.
When was The Third Finance Commission of India created?
The Third Finance Commission of India was created in 1960.
When was The Fourth Finance Commission of India created?
The Fourth Finance Commission of India was created in 1964.
