Lecture November 2 1-6 rev-1

Lecture November 2 1-6 rev-1 - November 2, 2009 Review:...

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November 2, 2009 Review: What the Depression revealed about American Entrepreneurs OUT OF THE CITY, INTO THE SUBURBS What contributes to suburbanization: 1. Transportation revolution [cars, federal government support of the highway system, car manufactures, contractors, rubber companies] 2. Distrust of urban life and “communal” living [cities as filthy and crime ridden] 3. Massive and sustained urban population growth [immigration population explosion] 4. Race (fear of integration) 5. Relative “cheapness” of home ownership (due to cheap land, inexpensive commuting, simplified construction practices in the suburb, government policies - government loans and subsidies) Crabgrass Frontier talks about the introduction of HOLC (Home Owners Loan Corporation – precursor to Federal Housing Authority). This is a way to ‘grade’ neighborhoods by perceived desirability: http://cml.upenn.edu/redlining/HOLC_1937.html
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Even today, the suburbs are highly desirable compared to the city: http://mpip.temple.edu/exploredata/default.aspx
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Lecture November 2 1-6 rev-1 - November 2, 2009 Review:...

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