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Why were more Americans able to buy homes after World War II?

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After World War II, more Americans were able to buy homes due to a combination of factors. One major factor was the GI Bill, which provided loans for veterans to buy homes with low interest rates and no down payment. This program spurred a housing boom and facilitated home ownership for many middle-class Americans.

In addition, the post-war economic boom led to increased job opportunities and higher wages, which allowed more people to afford homes. The expansion of the suburbs also made it easier for people to find affordable housing outside of city centers.

Moreover, the construction of highways and other infrastructure projects facilitated commuting and opened up further areas for residential development. Finally, the growth of the banking and finance industries made it easier to obtain mortgages and other forms of credit, which in turn made homeownership more accessible for many Americans.

User Aquila
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Answer:

New and expanded federal programs, including the G.I. Bill of Rights, allowed many young families to purchase their own homes, often located in rapidly expanding suburbs. After World War II, consumer spending no longer meant just satisfying an indulgent material desire.

Step-by-step explanation:

User Mohammad Nikdouz
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