The Reconstruction Finance Corporation:
A) was created over Hoover's veto
B) did little to prevent bankruptcies
C) was criticized for its alleged favoritism to farmers and workers
D) was an initiative of Franklin Roosevelt as governor of New York
E) offered emergency loans to banks, life-insurance companies, and railroads

Question

Quizplus · Accepted Answer

The Reconstruction Finance Corporation offered emergency loans to banks, life-insurance companies, and railroads. Option A is incorrect because the Reconstruction Finance Corporation was established during Hoover's administration. Option B is incorrect because the Corporation helped to prevent many bankruptcies during the Great Depression. Option C is incorrect because it was not criticized for favoritism to farmers or workers. Option D is incorrect because it was not an initiative of Franklin Roosevelt as governor of New York.