Answer:
He established the Reconstruction Finance Corporation (RFC) to make emergency loans to businesses in danger of default
Step-by-step explanation:
The establishment of RFC helped to stabilize the economic a bit,at first the RFC lent money only to banks, railroads, and certain agricultural organizations, but the scope of its operations was later expanded, and it proved to be an effective tool for stabilizing business and industry. In July 1932, Hoover signed into law the Emergency Relief Construction Act, which allowed the RFC to lend $300 million to the states for relief programs and $1.5 billion for public works projects.