Question

What was the goal of the 1932 Reconstruction Finance Corporation? (1 point)Responsesto assess the impacts of the economic crisisto assess the impacts of the economic crisisto restore confidence in financial institutionsto restore confidence in financial institutionsto fund public works and construction projectsto fund public works and construction projectsto provide resources to private relief agencies

Answers

GPT-4o mini
The goal of the 1932 Reconstruction Finance Corporation was primarily "to restore confidence in financial institutions." The RFC was established to provide financial support to banks, railroads, and other businesses to help them stabilize and recover during the Great Depression. While it also indirectly supported public works and relief efforts, its main purpose was to bolster the financial sector and encourage lending and investment.

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