In 1932, Hoover approved creating the ________ to lend money to insurance companies, railroads, and banks.

Name: In 1932, Hoover approved creating the ________ to lend money to insurance companies, railroads, and banks.
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In 1932, President Herbert Hoover approved the creation of the Reconstruction Finance Corporation (RFC) to provide financial support to struggling institutions such as insurance companies, railroads, and banks, in an effort to combat the Great Depression.

In 1932, Hoover Approved Creating the ________ to Lend Money