Explain history of the reconstruction finance corp

Reference no: EM133284212

Question - In 1932, Congress established the RFC with a limited mandate to provide emergency loans to banks, railroads, and farmers facing bankruptcy. It began lending money to state and local governments to finance public infrastructure projects shortly after expanding in scope. It outlasted the Economic crisis of the early 20s and later aided finance enterprises that were critical to the country's job in The Second Great War. Explain History of the Reconstruction Finance Corp. (RFC).

Reference no: EM133284212

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