what did reconstruction finance corporation do in 1932

Question

answer choices:
to fund public works and construction projects
to restore confidence in financial institutions,
to provide resources to private relief agencies
to assess the impact of the economic crisis

Answer 1

In 1932, the Reconstruction Finance Corporation (RFC) was established primarily to restore confidence in financial institutions. It provided financial support to banks, insurance companies, and other financial entities that were struggling during the Great Depression. Therefore, the correct answer choice is:

to restore confidence in financial institutions.