Print
Word
PDF|
This section contains 182 words (approx. 1 page at 300 words per page) |
|
Along with the regulation of Wall Street and the banks, President Roosevelt and Congress also created programs to offer farmers and home owners respite from foreclosures on the mortgages to their homes and farms and simultaneously put unemployed building-industry workers back on the job. Through the Farm Credit Administration (FCA), established in 1932 and expanded under the Roosevelt administration in 1933 — as well as in the Home Owners Loan Corporation (HOLC), created in 1933, and the Federal Housing Administration (FHA), set up in 1934 — they were successful in stemming the flood of foreclosures that began in the early 1930s. The U.S. Housing Authority, created in 1937, made half a billion dollars in government loans available for public housing for the poor, augmenting earlier New Deal legislation in support of the middle class.
Sources:
William E. Leuchtenburg, Franklin D. Roosevelt and the New Deal, 1932-...
|
This section contains 182 words (approx. 1 page at 300 words per page) |
|
