Plenty of Homes, Too Little Money In 1929, the stock market crash set into motion a series of economic crises known as the Great Depression . Bank closures, skyrocketing inflation, sweeping unemployment, and mortgage foreclosures left millions desperate, hungry, and homeless. Vast segments of the American population were unable to make mortgage payments (let alone purchase groceries) and sought shelter wherever and however they could —in barns, train cars, chicken coops, packing crates, and grain silos. Many found it difficult to comprehend the magnitude of the problem. The nation's leaders, on a quest to stabilize the economy during hard times and to ensure the future of the country, sought to remedy the country's housing needs. They often disagreed on the best way to achieve this goal, but all agreed that decent, affordable housing and better access to homeownership would provide the foundation for a stable society. Through his New Deal programs, President Franklin D.
This is the end of the preview. Sign up
access the rest of the document.
This note was uploaded on 01/04/2012 for the course AMH AMH2010 taught by Professor Pietrzak during the Fall '10 term at Broward College.