Question

President hoover expected the reconstruction finance corporation to _____.

Answer 1

He expected it to fix Americas economic depression

Answer 2

Answer:

President Hoover expected the reconstruction finance corporation to boost the economy and recover from the problems it had suffered.

Explanation:

First of all, we need to understand what was the Finance Corporation. In Basic words, the Finance Corporation was a bank that lent money to banks or any other organization with enough means to be a candidate for credit. There were loans for roads, crops, etc. President Hoover urged the senate to reconstruct it because he believed he needed the help of the so powerful Finance corporation. However, it didn't work as he wanted. Instead, the Financer Corporation conducted a series of questionable loans to save small banks related to politicians that weren't contributors for the national economy.