History of the United States II / Unit 10 USH2 1365 short lesson, about 20 seconds
The Reconstruction Finance Corporation
Captions available
The idea
In nineteen thirty-two Hoover created the Reconstruction Finance Corporation, with two billion dollars for banks, credit unions and insurance companies.
In practice
The Yawp's description: emergency loans to banks, building-and-loan societies, railroads and other private industries.
Where people slip
The Yawp calls it radical in its use of direct government aid and out of character for Hoover, but says it bypassed needy Americans.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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