Question

What was approved by congress to finance banks life insurance companies and railroads

Answer 1

Step-by-step explanation:

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.

Answer 2

The Reconstruction Finance Corporation (RFC)

Step-by-step explanation:

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! ^-^