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- W4243701431 abstract "This chapter discusses the New Deal housing policy and the making of national mortgage markets. Though Franklin Roosevelt was sympathetic to housing the poor, his policies aimed, primarily, to grow the economy and reduce unemployment. If this could be accomplished through housing the poor, all the better, but that was a secondary goal to restoring economic growth. Unlike the other housing programs of the New Deal, the Federal Housing Administration (FHA) promised and achieved this growth. By 1939, investment in residential housing was nearly back to its 1929 levels. The flood of funds, guaranteed profits, and standardized policies initiated through the FHA changed the way banks operated forever, turning mortgages into nationally traded commodities—and in the process changing the way Americans related to banks and debt." @default.
- W4243701431 created "2022-05-12" @default.
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- W4243701431 date "2011-01-23" @default.
- W4243701431 modified "2023-10-16" @default.
- W4243701431 title "Debt and Recovery" @default.
- W4243701431 doi "https://doi.org/10.23943/princeton/9780691140681.003.0003" @default.
- W4243701431 hasPublicationYear "2011" @default.
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