Birwood, where were standing, and mendota, on the other side of the wall. The federal government in 1934 had passed the First National housing act which will help workingclass people get home mortgages. Its part of roosevelts new deal. National housing act. Its going to create the federal Housing Administration and the homeowners loan corporation. This will help streamline loans and make it more accessible during the Great Depression for people to get a home loan. Here. Ere are some issues one of the issues is to get one of these home loans, the federal Housing Administration states that the neighborhood has to be racially homogeneous, which means that people have to be from the same racial and ethnic group. They do not believe that a neighborhood is stable if it is integrated, so they wont give loans if the neighborhood is integrated. So theres a problem this is ng to help create neighborhoods that have been integrated are going to become segregated and whole new neighborhoods are goi
Our city store visits detroit, michigan to learn more about its unique history and literary life. For eight years now, we have traveled to u. S. Cities, ringing the literary scene and Historic Sites to our viewers. You can watch more of our visits at the span. Org beauty store tour. Org cities air at the Detroit Museum and we are about to walk into an exhibit called americas motor city. Detroit has been. The motor city capital of the world since at least 1915 when there were over 42 Companies Making cars and another 75 Companies Making parts. While other towns build cars, we built lots of cars. The detroit area enjoyed a wealth of strong manufacturing, a lot of it based in the building of carriage bodies but also in building iron stoves, building Railroad Cars, realworld wheels and the rails that go with them. Understood the manufacturing process but also how to deal with steel, iron, rubber. They had all the engineers, designers and toolmakers and the tools they needed to make an auto
Exhibit at henry ford. An exhibit that traces the origins of developments of an firsting of steam power in england and then in the United States. The purpose of power has been collected here relates to the beginnings and the developments of the Industrial Revolution. These were machines involved in industry and one way or another. The collection was started by henry ford. It begins in a number of places. Ford himself was interested in steam power. It very mechanically inclined even as child. For him it meant something emotional but it meant something significant. He goes on to found a company that has a great deal of investment in technology. All of it powered by steam or internal combustion engines. None of this happened accidentally but a lot of it did not happen intentionally. Steam engines are initially developed in england to pump water out of minds. Like an awful lot of technology, things that are produced for one specific reason and up being of interest to people who have other
Seeking input about how these gdps should be set, what criteria should be applied in setting the gdp. Should it be just about protecting against the risk that we are that fannie and freddie are assuming, should it be about capital formation, should it be about attracting private capital . The process has been very transparent, and so you decided to study it again. Yes. The process that the gentleman from new jersey brought is an issue im interested in as well. In fact, i had conversations with your predecessor in that there are some states that have very very stringent foreclosure procedures that in many cases keep the people who are in good faith, gets them not much for the property sometimes years. That is a higher risk to those entities and those foreclosure rules are very consumer oriented. Im not opposed to those states deciding that, i think thats their right. But i think what they have to also understand is when you make it so consumer oriented in that you penalize the people th
The goal of assuring Economic Growth as part of it, particularly as it is felt by as Many Americans as possible . Is that the tile of goal we should be forcing . Yeah, you want the economy to grow and you want everybody to benefit from that. And when we did this bill, as i said earlier, we had four principles, these are the things you should consider. That the market is a more efficient allocator of resources, the ways and Means Committee and finance figured out we should do this or that activity. Second equal incomes should pay equal tax. It is not fair to have your neighbor pay less because they have a particular tax benefit. And third those who have more should pay more. The progressive principle. And fourth if you can simplify it, please simplify it. To me those are the four principles. The Economic Issues and growth you would want people to move up and say to people at the top you have to pay a little bit more. So i think those are the principles that i would use going forward. Yo