The ____ was the Hoover administration's primary government agency designed to combat the Great Depression.

Question

Quizplus · Accepted Answer

The Reconstruction Finance Corporation (RFC) was established in 1932 by the Hoover administration as the primary government agency designed to combat the Great Depression. Its purpose was to provide emergency loans to banks, railroads, and other large businesses in order to stimulate economic activity and prevent further financial collapse. The CCC, NRA, WPA, and SEC were all established during the New Deal under President Franklin D. Roosevelt's administration.

The ____ Was the Hoover Administration's Primary Government Agency Designed