HISTORY 100AC Lecture Notes - Lecture 17: Des Plaines, Illinois, United Fruit Company, Andrew Preston

30 views5 pages
23 Jul 2018
School
Department
Professor

Document Summary

By 1946, over 1 million veterans were attending college under its provisions, making up half of total college enrollment. But to get into college you had to have a high school degree, which many blacks from the south did not have. The gi bill guaranteed up to 50% of a home loan made to a returning veteran. Almost 4 million gis received home mortgages through the program, spurring the postwar housing boom. Due to redlining, high rents, and limited access to banks, many blacks could not obtain mortgages. By 1984, when gi bill mortgages had mainly matured, the median white household had a net worth of ,397 or just 9% of white housing. Most of this difference was accounted for by the absence of homeownership. Nearly seven in ten whites owned homes worth an average of. By comparison, only four in ten blacks were homeowners, and their houses had average values of less than ,000.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents