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Working America out of Depression FDR Franklin Delenor Roosevelt truly tried to help the people and wanted to make a change He is looked upon as the hero for America by taking America out of the Depression Who knows if FDR even knew that his programs would end up being so successful The programs were very much a step in the right direction in pulling America out of the Depression The most significant of these programs was called the New Deal There were also many others though that really helped Americas state of destitution The FHA or better known as the Federal Housing Administration was one of these programs It helped people at that time who were middle class workers and wanted to build or buy a new home in a secure manner The administration was formed to insure long-term home mortgages and offered benefits to both middle class home buyers and lending institutions from which the borrowed their money to pay for the house It guaranteed that loans would be secured by banks This helped the housing industry so much causing new homes to be built and vacant ones to be inhabited once again Keeping this in mind there no question if it was beneficial Building new homes also helps the wood paint and tool industry Skilled workers were needed because of all the houses being built and unemployment went down This also helped the economy the people and the lending institutions in the long-run The FHA was incorporated into the new Department of Housing and Urban Development also known as HUD The office continued its role as mortgage guarantor and widened its area of responsibility to include mortgages lent to the owners of multifamily dwellings and to public housing authorities as well as individual homeowners Another
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