simplebooklet thumbnail

of 0

Home Owners Loan Corporation

The purpose of the HOLC was to refinance homes to prevent forclosure 

The HOLC lasted from 1933-June 4 1951

 By: Ian Harver

The HOLC was a relief because it stopped the economy from deteriorating because it gave people jobs

The HOLC refinanced home mortgages and gave people homes by not letting their houses be taken away by the government.

They made a farewell gift to the U.S. Treasury in 1951 by giving it a $13,800,000 cash surplus.

  • Roosevelt was average academically, but very, very active socially. He was editor of the college newspaper, graduated in three years, and later passed his bar exam (after attending Columbia) without finishing his law degree
  • When Roosevelt ran for president in 1932, it wasn’t his first appearance on a presidential ticket. In 1920, he ran as vice president on the unsuccessful Democratic ticket that featured James Cox as president
  • After his vice presidential defeat, Roosevelt contracted what was diagnosed as polio in 1921 
  • Researchers who aren’t convinced that Roosevelt’s paralysis was caused by polio. They say he most likely suffered from Guillain-Barre Syndrome
  • He was the first democrat in his family
  1. The unemployment rate decresed due to the HOLC because they had to employ people to finance the homes mortgages
  2. Because of the HOLC there was a lot of money spent on houses