History of North America

Who benefited from the Reconstruction Finance Corporation?

* Banks: The RFC made loans to banks that were in danger of failing, which helped to stabilize the financial system.

* Businesses: The RFC made loans to businesses that were struggling to stay afloat, which helped to keep people employed.

* Farmers: The RFC made loans to farmers who had been hit hard by the Great Depression, which helped them to stay on their farms.

* Homeowners: The RFC made loans to homeowners who were in danger of losing their homes, which helped to keep people in their homes.

* States and localities: The RFC made loans to states and localities that were struggling to balance their budgets, which helped to keep public services running.