Monday, March 30, 2009

Journal 6

It was interesting when we were talking about the New Deal today and I said that I would reinstitute the Home Owner's Refinancing Act (HOLC) and the National Housing Act (FHA); I chose these two acts because many people were laid off from work and couldn't find other jobs. Also, they couldn't afford their homes because there morgages were affected by the economic crisis. These two acts helped people find employment and have means of keeping their homes.
I agreed with a classmate that the Works Progress Administration should be reinstituted because it provided jobs for people during the Great Depression; people built roads, houses, and distributed food. During times of crisis, it's important to keep people in employment so they can keep their homes and spend money. The economy will never get better if the money doesn't circulate.

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