The correct answer is Reconstruction Finance Corporation
The Reconstruction Finance Corporation was Hoover's first response to the Depression.
The negative effects of the Great Depression peaked in the United States in 1933. This year, American President Franklin Delano Roosevelt approved a series of measures known as the New Deal.
The New Deal, along with social aid programs carried out by all American states, helped to minimize the effects of the Depression from 1933 onwards. Most countries hit by the Great Depression began to recover economically from then on. In some countries, the Great Depression was one of the primary factors that helped the rise of far-right regimes, such as the Nazis led by Adolf Hitler in Germany. The beginning of World War II ended with any lingering effect of the Great Depression on the main countries affected.
Answer:
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Federalism describes the system of shared governance between national and state governments. The states and the federal government have both exclusive and concurrent powers, which help to explain the negotiation over the balance of power between them.
