The National Housing Act of 1934 was passed during the Great Depression
Great Depression
File:International depression.pngThe Great Depression was a wor
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The National Housing Act of 1934 was passed during the Great Depression
Great Depression
File:International depression.pngThe Great Depression was a worldwide economic Recession starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries.... in order to make housing
Housing
Housing may refer to:* Houses* Federal Housing Administration* Enclosure , containing some equipment or mechanism... and home mortgage
Mortgage
A mortgage is the transfer of an interest in property to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt.... s more affordable. It created the Federal Housing Administration
Federal Housing Administration
The Federal Housing Administration is a United States government agency created as part of the National Housing Act of 1934. The goals of this organization are: to improve housing standards and conditions; to provide an adequate home financing system through insurance of mortgage loans; and to stabilize the mortgage market.... (FHA) and the Federal Savings and Loan Insurance Corporation
Federal Savings and Loan Insurance Corporation
The Federal Savings and Loan Insurance Corporation was an institution that administered deposit insurance for savings and loan institutions in the United States.... .
It was designed to stop the tide of bank foreclosures on family homes. Both the FHA and the Federal Savings and Loan Insurance Corporation worked to create the backbone of the mortgage and home-building industries. Some unintended consequence
Unintended consequence
Unintended consequences are outcomes that are not the results originally intended in a particular situation. The unintended results may be foreseen or unforeseen, but they should be the logical or likely results of the action.... s were that it did little to improve inner city
Inner city
The inner city is the central area of a major city or metropolis. In the United States, Canada, United Kingdom and Republic of Ireland, the term is often applied to the poorer parts of the city centre and is sometimes used as a euphemism with the connotation of being an area, perhaps a ghetto or slum, where residents are less educated and mor... housing, it intensified segregation
Racial segregation
File:Segregated cinema entrance3.jpgRacial segregation is the separation of different Race s in daily life, such as eating in a restaurant, drinking from a drinking fountain, using a rest room, attending school, going to the movies, or in the rental or purchase of a home.... of races, and further promoted the single family detached dwelling as the prevailing mode of housing, which furthered the phenomenon of suburban sprawl.
The Housing Act of 1937, aka the Wagner-Steagall Act, provided for subsidies to be paid from the U.S. government to local public housing agencies to improve living conditions for low-income families.... builds on this legislation.
