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KATRIN_1 [288]
2 years ago
7

Boom of housing developments outside cities in the 1950s

History
1 answer:
inysia [295]2 years ago
6 0

<u>Answer:</u>

Financial benefits related to unemployment and home loans due to the GI Bill caused boom in the housing development outside the cities.

<u>Explanation:</u>

  • In the 1950s, the era of war was over and a new era was starting in which the veterans were returning to their homeland after World War II to start their lives as normal citizens in the American economy.
  • To benefit the veterans, GI Bill was passed and it granted the veterans with unemployment pay for 1 year, guaranties for home loans, etc.
  • All these factors led to the movement of people outside the cities to buy or build their own homes.
  • These areas outside the city were sub-urban and hence were popularly called Suburbs.
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