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17. What is the Reconstruction Finance Corporation (RFC)

Sagot :

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The Reconstruction Finance Corporation was a government corporation administered by the United States Federal Government between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses.

Answer:

The Reconstruction Finance Corporation was a government corporation administered by the United States Federal Government from 1932 to 1957. It provided financial support to state and local governments and made loan to banks, railroads, mortgage associations and other businesses.

Explanation:

The RFC had initial success but never reached its intended impact, the RFC was viewed by many American's as a relief program for big business only.

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