History of the United States II / Unit 11 USH2 1516 short lesson, about 20 seconds
Saving Homes
Captions available
The idea
The Home Owners' Loan Corporation refinanced mortgages so that families facing foreclosure could keep their homes.
In practice
A quarter of a million families who had defaulted on their mortgages in nineteen thirty-two, Digital History counts.
Where people slip
By the end of Roosevelt's first term, Digital History says, the home loan programme had made more than one million loans totalling three billion dollars.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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