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What was approved by congress to finance banks life insurance companies and railroads

Sagot :

peachtea123

Answer:

The Reconstruction Finance Corporation (RFC)

Explanation:

The Reconstruction Finance Corporation was a federal government agency that offered financial assistance to state and municipal governments as well as making loans to banks, railways, mortgage organizations, and other enterprises. I hope this helps! ^-^

27floreso

Answer:

Explanation:

Hoover's most ambitious economic measure, however, was the Reconstruction Finance Corporation (RFC), approved by Congress in January 1932. It authorized up to $2 billion for emergency financing for banks, life insurance companies, railroads, and other large businesses.

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