Reconstruction Finance Corporation (RFC) Under Hoover, a federal agency which loaned money to big business in an effort to stimulate the depressed economy and save them from bankruptcy. Trickle down effect. Huey Long Louisiana Senator Long, critic of the New Deal. Said it did too little to help the poor. Advocated a program to transfer wealth from the rich to the poor. Assassinated in 1935. Civil Works Admninistration (CWA) During the winter of 1933-34, this government …
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showed last 75 words of 774 total
…gave it power to regulate radio broadcasting and television. It could revoke the license of radio stations that failed to operate in the public interest. Federal Deposit Insurance Corporation (FDIC) Congress created it in 1933 to guarantee bank deposits up to $5000, later raised. It was designed to protect individual savings accounts from loss due to bank closings. Farm Credit Administration This government agency was established in 1933 to refinance farm mortgages, thereby saving farms and protecting banks.