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11111nata11111 [884]
2 years ago
9

Congress established the Reconstruction Finance Corporation (RFC) to loan money to what?

History
2 answers:
inessss [21]2 years ago
8 0

Answer:

The Reconstruction Finance Corporation (RFC) was an independent government agency in the United States that emerged in 1932 during the presidency of Herbert C. Hoover. Its task was the financial support of banks and other private companies during the Great Depression.

Explanation:

The RFC distributed approximately $2 billion to states and local governments, while providing loans to banks, railway companies, real estate farm corporations, and various businesses. The loans were almost all repaid.

The agency continued during Franklin D. Roosevelt's New Deal and played a major role in the end of the Great Depression, and in the implementation of aid programs introduced during the New Deal.

The agency was abolished by the Reorganization Plan on June 30, 1957.

WARRIOR [948]2 years ago
4 0

Answer:

banks so they could lend money to businesses to stimulate economic activity

Explanation:

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Answer:

New England has mountains with trees, rocky soil. Colonists of New England were less ethnically mixed. Summers were often hot and winters cruelly harsh.

Explanation:

The New England Colonies established by the Puritans, who practice and follow a religion with strict beliefs. In the New England Colonies, the immigrants were Puritans in Massachusetts Bay, Connecticut, and New Hampshire colonies. The Puritans of New England built towns along with Churches as a place of worship and gathering place. The life of the puritans revolved around the teachings of the bible and working rather than enjoying it leisurely. Economic activities and trade were dependent on the environment in which the Colonists lived as they made their living from fishing, whaling, and shipbuilding.

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