Which of the following factors contributed to the postwar suburban boom? The passing of the Housing Act of 1949 by Congress gave incentives to builders to develop affordable housing. Federal agencies established lenient lending policies so that war veterans could qualify to buy homes for their families. New federally financed freeway systems contributed to the postwar suburban boom. Inexpensive gasoline contributed to the postwar suburban boom.
The passing of the Housing Act of 1949 by Congress gave incentives to builders to develop affordable housing.
All of the factors mentioned in the question contributed to the postwar suburban boom. However, the passing of the Housing Act of 1949 by Congress was a significant factor that provided incentives to builders to develop affordable housing. This act established the Federal Housing Administration (FHA), which offered mortgage insurance to lenders, reducing the risk of lending to borrowers. This made it easier for people to qualify for home loans and reduced the down payment required for home purchases.
The lenient lending policies established by federal agencies also played a crucial role. The GI Bill, enacted in 1944, provided financial assistance to war veterans, allowing them to pursue higher education, vocational training, or purchase homes. This bill enabled millions of veterans to purchase homes, spurring the postwar suburban boom.
Furthermore, the development of new federally financed freeway systems made it easier for people to commute between urban and suburban areas. This made it possible for people to work in cities while living in the suburbs, contributing to the growth of suburban areas.
Lastly, inexpensive gasoline contributed significantly to the postwar suburban boom. Lower gas prices made it more affordable for people to own cars and commute longer distances, allowing them to move further away from cities and settle in suburban areas.
In conclusion, the passing of the Housing Act of 1949 by Congress, lenient lending policies, the development of new federally financed freeway systems, and inexpensive gasoline played critical roles in creating a postwar suburban boom.
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