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What was approved by congress to finance banks life insurance companies and railroads
The Reconstruction Finance Corporation was a federal government agency that offered financial assistance to state and municipal governments as well as making loans to banks, railways, mortgage organizations, and other enterprises. I hope this helps! ^-^
Hoover's most ambitious economic measure, however, was the Reconstruction Finance Corporation (RFC), approved by Congress in January 1932. It authorized up to $2 billion for emergency financing for banks, life insurance companies, railroads, and other large businesses.
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