The Home Mortgage Disclosure Act known as HMDA was enected by 94th United State Congress. It was an act to extend the authority for flexible regulation of the interest rates on deposits and share accounts in depository institutions, to extend the national commission on electronic fund transfer and to provide home mortgage disclosure.
The most important reason to sign this act was the belief of Congress that some financial institutions worked as catalysts to decline the of some geographical areas by failing to provide housing loan to the proper applicants.
Appeasement <span> Some Americans wanted the US to show our peaceful intentions in an attempt to placate the Soviets. The appeasement policy is the opposite of preventive war and deterrence which was more popular among the Americans during the cold war. </span>
