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Answer:
The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.
Explanation:
The first example of a suburb with budget priced homes was the New York suburb of <u>Levittown</u>.
<h3>What was Levittown?</h3>
- It was the first suburb that used mass housing design.
- It was constructed for people coming back from the Second World War.
- The houses were relatively cheap.
Levittown provided a blueprint at the time for what a budget price home should look like and the accompanying suburb it should be in. This led to the birth of such environment and the increase in affordable housing in the U.S.
In conclusion, the answer is Levittown.
Find out more about Levittown at brainly.com/question/2088232.
