reconstruction finance corporation :D
reconstruction finance corporation :D
Congress and the president disagreed about who had authority to devise a plan of reconstruction.
President Hoover believed the economy suffered from a lack of credit
Reconstruction was taken over by Congress, particularly the Radical Republicans, after President Andrew Johnson's lenient policies faced backlash. In 1867, Congress implemented the Reconstruction Acts, which aimed to establish stricter guidelines for the Southern states' reintegration into the Union. This marked a shift in control from the executive branch to the legislative branch in managing the Reconstruction process.
President Hoover urged Congress to establish the Reconstruction Finance Corporation (RFC) because he believed that the economy suffered from a lack of liquidity and insufficient credit. He thought that by providing loans to banks, businesses, and other financial institutions, the RFC would stimulate investment and restore confidence in the economy. Hoover aimed to combat the effects of the Great Depression by facilitating economic recovery through government intervention. Ultimately, he believed that supporting key institutions would help stabilize the economy and promote job creation.
Congress
Grant
the president had overstepped his powers
congress passed the budget and accounting act of 1921
how did president johnson and congress change the reconstruction plan during lincoln's death?
no one was against the president during reconstruction but the south was against some of the laws that he made during that time