<P> The Reconstruction Finance Corporation (RFC) was a government corporation in the United States between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses . Its purpose was to boost the country's confidence and help banks resume daily functions after the start of the Great Depression . The RFC became more prominent under the New Deal and continued to operate through World War II . It was disbanded in 1957, when the US government concluded that it no longer needed to stimulate lending . </P> <P> The RFC was an independent agency of the United States government, and fully owned and operated by the government . The idea was suggested by Eugene Meyer of the Federal Reserve Board of Governors, recommended by President Hoover, and established by Congress in 1932 . It was modeled after the War Finance Corporation of World War I. In total, it gave $2 billion in aid to state and local governments and made a large number of loans, nearly all of which were repaid . </P>

What was the goal of the reconstruction finance corporation