The New Deal's social programme: the HOLC and the Social Security

  • Created by: Fiona S
  • Created on: 10-06-15 00:12

Home Owners Loan Corporation (HOLC), 1933

This gave out loans to homebuyers with low mortgages. The aim was to encourage home ownership and avoid owners having to surrender their home because they were behind with mortgages payments.

Social Secrucity Act, 1935

This provided federal aid for the elderly and set up an…


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