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New Deal Dbq

858 Words4 Pages

It is evident that the advent of the New Deal brought opportunity to a plethora of states in the country, including Oakland and Charlotte. New policies in the form of the Home Owners Loan Corporation brought in waves of additional reform policies that helped to bolster the real estate productivity through loans and credit, while capitalizing on the segregate nature of said policies. In allowing certain zones in the early 1930s Charlotte to capitalize on the growing market, elites ensured that the city continued to prosper with the rest of surrounding cities in the wake of the 30s. One byproduct policy of the Deal was the Home Owners Loan Corporation (HOLC), which brought work to thousands of Americans and reinforced Charlotte's emerging sector …show more content…

The ones that got an “A” rating were hotspots that were not yet fully built up, while the “B” ratings were of similar criteria, but were just a little more built up. ”C” houses were characterized by age, style change, expiring restrictions, and ‘infiltrating’ of lower grade population - those who lacked homogeneity, and “D” areas are those that have had a long-running history of the criteria that classifies the C areas - undesirable population, and infiltration of the …show more content…

Its aim was to cut unemployment in the construction industry, and stimulate the home finance market through mortgage insurance. Thus, use federal funds to insure bankers against the possibility of default by borrowers. Loss risk was cut, so banks offered long-term mortgages, much like todays 20/30 year loans with down payments we know today. Not only was this great for Charlotte, but it made the entire US a major suburban nation. This put homeownership in the grasp of many moderate income Americans. Like the HOLC, it strongly favored homogenous order suburbs, as those who were of lower classes generally could not afford a home that they were purchasing, nor would the bank allow them a

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Overall, the federal government was never really hands on in housing, that changed in the 1930’s when the Federal Housing Administration (FHA) was created to be apart of the New Deal. After the Great Depression, the FHA sought to rebuild the housing market by introducing the mortgage lending system, that is still used today. The FHA actually did quite the opposite, “instead, the FHA adopted a racial policy”, that took advantage of racial covenants and insisted properties that were insured by them to use those covenants. The FHA introduced redlining policies in many American cities and with the Home Owners Loan Coalition (HOLC), a federally-funded program created to help homeowners refinance their mortgages, it seemed that it would never end.

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The chaos set out by the Great Depression on the American people set the stage for radical reform of the variety brought upon by Franklin D. Roosevelt's administration and the New Deal. However, this administration ran into the issue that it is difficult to give without the power to do so. The thing the Roosevelt administration was trying to give the American people was a stable economy which would drastically improve the Positive Liberty of the populace, yet to do so it would need to take power away and vest it in the hands of the federal Government. In doing so, FDR’s New Deal Liberalism would balance the ideas of Positive and Negative liberty by slightly lowering the Negative liberty of the states and corporations in order to greatly advance

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