National Credit Corporation
The National Credit Corporation was an organization created in 1931 by the Hoover administration to try to stop bank failure.[1] The organization attempted to convince large surviving banks to loan money to failing banks as a solution to bank runs. Many large banks however did not think that investing in failing banks would be secure, so most of them did not support the failing banks.
References
- ↑ "Reconstruction Finance Corporation". EH.net Encyclopedia. Archived from the original on October 29, 2013.
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