Franklin Roosevelt and the New Deal Explained — Fexingo History
In 1934, the US housing market was in shambles—half of all home mortgages were in default, and homeownership was a dream out of reach for most Americans. Enter the National Housing Act, which created the Federal Housing Administration and transformed how Americans buy homes. But the FHA didn't just insure loans; it redlined entire neighborhoods, codified racial segregation in housing, and set the stage for the white suburban exodus. In this episode, Lucas and Luna explore the FHA's origins, its bold mortgage insurance program, the creation of Fannie Mae, and the darker legacy of redlining that persists today. They discuss key figures like FDR, Senator Robert F. Wagner, and the appraisers who drew the color-coded maps. It's a story of innovation and injustice—the New Deal's gamble on homeownership. #FDR #NewDeal #FederalHousingAdministration #NationalHousingAct1934 #FHA #Redlining #FannieMae #HomeOwnership #GreatDepression #HousingPolicy #Segregation #Suburbia #RobertFWagner #StewartMcDonald #NorthAmerica #History #FexingoHistory #USHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
159 episodios
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