HIST 111 Lecture Notes - Lecture 23: Federal Housing Administration, G.I. Bill, Credit Risk
Why and how was the suburban American home full of contradictions?
Notes on this:
A "homogenous post-war hell"
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Associate rebellion of 1960s with sexual liberation and other things of that sort,
but the seeds of that rebellion were planted in the very homes of these
children/families
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Domestic issues (and dealing with children and having the expert opinions to do
so)
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Suburban life is ideal for children to be raised
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Who could buy a home?
Home Owners Loan Corporation and Federal Housing Administration-
"redlining"- would not insure bank mortgages in "credit risk" i.e. minority
neighborhoods
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GI bill- Veterans Administration
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Levittown, 1947- the first "subdivision"
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Restricting covenants- Shelley v. Kraemer 1948
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Needed far more money to buy a home upfront earlier on (needed high
amounts of initial deposits to purchase the property)
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Low interest loans given to veterans among some others and these low interest
loans caused the housing industry to boom
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Rise of the Suburbs: 1950s
Wednesday, March 14, 2018
1:32 PM
