12h 5min, jan 15, 1932 y - Congress creates the RFC

Description:

The Reconstruction Finance Corporation was established to lend $2 billion to financial institutions to prevent future failures

-Hoover meant well and was trying to save the economy; however, American say the RFC as Hoover stabbing them in the back.
-They believed he was concentrating on financial institutions while ignoring the woes of the average man and woman.