The development of microchip (or
integrated circuits) made computers more smaller, much faster, and more
powerful. Microchips allowed number of transistors to increase in chips,
doubling roughly every two years in accordance to Moore’s law. They are easier
to produce, requires less power, and costs lower. Microchips helped embed computer
in mobile PC’s, laptop, phones, watches, and even home appliances.
Foreclosures were a common occurrence in the early 1930's, as thousands of Americans lost their entire life savings and eventually their homes once the stock market crashed in 1929.To help provide Americans with help, Franklin D. Roosevelt creates the Federal Housing Administration.
This government agency helps to provide small loans for home construction. Providing these loans would help the economy recover, as new home construction is a sign of economic prosperity. By limiting the size of the loan, individuals were able to make reasonable payments and this allowed for relief, especially on America's middle class.
