How did the Reconstruction Finance Corporation (RFC) help jump-start the economy?

Question

02-03-2015
History

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How did the Reconstruction Finance Corporation (RFC) help jump-start the economy?

Answer :

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ailud18 ailud18 · Answer 1 · 2019-06-03T11:21:28-04:00

The Reconstruction Finance Corporation (RFC) helped jump start the economy by the RFC gave loans to a variety of business ,

The Reconstruction Finance Corporation (RFC) constituted a government corporation managed by the United States Federal Government between 1932 and 1957 that granted financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses.

The RFC became more prominent under the New Deal and kept operating through World War II.

barbaralazarotto barbaralazarotto · Answer 2 · 2019-11-04T07:42:20-05:00

Answer:

The RFC gave loans to a variety of business

Explanation:

The Reconstruction Finance Corporation also called RFC was a government corporation that worked from 1932 to 1957. The main goal of this corporation was to provide financial support to state and local governments by making loans to banks to railroads, mortgage associations, and other businesses. The RFC was created after the Great Depression and its purpose was to boost the country with confidence.