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77julia77 [94]
4 years ago
13

Why did the RFC fail?

History
1 answer:
MrRa [10]4 years ago
7 0

Answer:

The Reconstruction Finance Corporation (RFC) was established during the Hoover administration with the primary objective of providing liquidity to, and restoring confidence in the banking system. ... During the contraction period, many banks had to suspend business operations and most of these ultimately failed.

I found this on the internet idk if this is right.

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