President Hoover urged Congress to establish the Reconstruction Finance Corporation (RFC) because he believed?

Question

A.a concentration of wealth in large businesses
B.a lack of credit
C.over-employment
D.too much government regulation

Answer 1

A..a concentration of wealth in large businesses



The RFC was empowered to borrow up to $2 billion to assure the survival of large banks, railroads, farm mortgage associations, savings and loan associations and life insurance companies.



http://www.britannica.com/EBchecked/topic/493753/Reconstruction-Finance-Corporation-RFC

Answer 2

I wonder if you're relating to Professor Boyle's prediction for 2014 or 15 - disregard the date he mentioned? You already know, the bible says: when the cry "peace and protection" is claimed, then our Creator will intervene and after that, real peace and security will rein of the this earth, not a brand new World Order from imperfect people! Yes, i am in a position and looking ahead to the time our Creator will make the whole lot new.

Answer 3

B.

The RFC made loans to state and local governments,banks,mortgage companies and other businesses.