The Reconstruction Finance Corporation was established to make loans to banks, railroads, and industries.

Question

For U.S. History class online. 

Answer 1

As Steven W. mentioned in his comment, if you're asking whether the statement you put in your "Question" field is true or false I would say it is definitely true. The Reconstruction Finance Corporation was one of the many new institutions established by the government of the United States following the Great Depression, and as your statement indicates it specialized in lending money to banks and directly to businesses and industries for the purpose of economic development.

Answer 2

This is straight from wikipedia...

 

"The Reconstruction Finance Corporation (RFC) was a government corporation in the United States between 1932 and 1957 that provided financial support to banks, railroads, mortgage associations, and other businesses.  It's purpose was to boost the country's confidence and help banks resume daily functions after the start of the great depression..."

 

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