Transportation meant more interactions of people and information, but often had devastating effects due to the human folly of wanting to decrease time. Women in the work force increased the production rate, as well as a boom in the economy, but were often treated in inhumane conditions and regarded lowly. Banks allowed vast opportunities for the wealthy investors, but also ended up disabling the poor working force, especially in the depression. As such, while there were evident benefits to the market revolution that heavily boosted the economy and development of the country, the drawbacks still outweighed the positives. Death and people taking advantages of others led to the market revolution being a dark time in American history.
This act benefits buyers and lenders because it allows the buyers who are looking for housing even low income families to find housing within their budget. While the lenders get their money without having to inflate prices. Also, financial corruption from banks and wall street had influenced the creation of The Great Recession. There was predatory lending in the mortgage markets and banks had knowingly loaned millions of checks on mortgages . This led to a tremendous Economic crash as stated in (document e ).
There has been historical precedent for this, for instance, Calvin Coolidge was a moral and dignified president. Calvin Coolidge’s presidency was during the roaring twenties a time of “dynamic social and cultural change, materialism and excess”, of isolationist policies and peacetime. Although the previous “Harding administration corruption scandals”(Coolidge, Calvin, 2001) made the American people lose faith in the government, Coolidge’s sense of morality “provided a model of stability and respectability for the American people”. However, Coolidge’s reputation as “Silent Cal” was not always helpful. President Coolidge's “laissez-faire policies also contributed to the economic problems that erupted into the Great Depression”.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers... In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980s.  In 2001, the independent research company Graham Fisher & Company stated that HUD’s 1995 "National Homeownership Strategy: Partners in the American Dream", a 100-page affordable housing advocacy document, promoted "the relaxation of credit
Firstly, the economy in the Weimar republic was quite stable. In 1924, Germany immediately received loans under the Dawes plan, which was a plan prepared by an american banker called Charles Dawes to adjust the reparation payment to the capacity at which Germany could pay. On one hand, the economy was really successful because of the Dawes plan and because there were many investments in industry and commerce. Germany had become one of the biggest exporters of manufactured goods as well as being able to surpass pre war levels in 1928. On the other hand, the economy of the republic wasn't so stable because it depended on american loans which could be withdrawn at any time.
“At the states and local level alone, Undocumented immigrants nationwide collectively pay an estimated $11.64 Billion each year in taxes, according to a recent report by the institute on taxation and economic policy. …. Many undocumented immigrants also pay state income taxes.” The Immigrants are coming to live in America for a better life, but they aren’t just coming here to live for free they are paying taxes. so why can’t they stay in America to live there dream to do something in life? Immigrants from all over have helped the states and other countries become much better, for their own good and their future.
As a result, the government should build more affordable housing for poor people. Investing in affordable-housing can bring profit and it is a safe investment for every company. The demand for affordable housing is large and stable, so compared to the commercial housing projects, the investment in social housing projects seems still less risky investment for owners’ investment (Stock investment, 2015). In the same way, supporting low and middle income households to find and live in affordable housing is essential to the competitiveness of the nation’s economy. To illustrate this, a study by Ryder (2015) found that, for every £1comapny invests, housing associations invest up to £6 of their own money.
Pressure Lehman Brothers was one of the largest investment banks in the world, so expectation and pressures of reporting positive financial results that apply to a bank of that magnitude are intense. Were a bank of this size to have a poor reporting period it would have a significant impact on its quoted share price. In the years leading up to 2008, Lehman Brothers invested heavily in the US sub-prime mortgage market. Were they lent large sums of money to individuals with the purpose of becoming homeowners, it was seen as a quick way of making money as they would group a lot of the mortgages together, sell them on to other banks and make a profit. A risky investment if the homeowners were unable to repay the mortgage.
What is unclear is had Mexico focused on a repayment plans via their own means resulting in financial stabilization or future financial unrest. Part of the preceding factors contributing to the accumulation of debt and bailout was due to large loans being made to private business sectors, investor insecurity due to “Zapatista Army of National Liberation declared war on the Mexican government…” (2016, Wikipedia) and Mexico’s fixed exchange rate. It is unclear had Mexico completed financial restricting if that would have absolved the countries citizens from experiencing a spike in poverty and hyperinflation. It would have avoided the country’s finances from being controlled by foreign banks but a benefit of Mexico’s economy being controlled by foreign banks was regaining investors’ confidence. Due to the preceding factors that contributed to Mexico’s financial crisis it appears the bailout was a correlation not a cause of the short term negative financial impacts on its citizens.
The pressure to address the UK`s housing crisis grows ever stronger with number of radical solution being put forward to ease the strain. One of the solution to free up family housing by offering elderly people tax breaks to move into smaller homes. More than half of over 65s fall in this category which result in hoarding housing. There is some argument that people have work hard to buy their own home, so they lived whatever size that pleasing them. They said that government should give tax incentives to elderly people to downsize and make sure there is suitable homes for elderly.