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By John Soane

Архитектурный альбом проектов общественных зданий 1820 года.

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Century house was no longer acceptable, how.. ever, and the new serviced residence was inherently more expensive. Further.. more, the reorganization of capital markets and the invention of new financial instruments shifted production toward the top of the market, pushing the cost of the average new dwelling up even further. All these trends were clearly visible in Chicago in the 1920s. The escalation of standards and costs is well illustrated by the contrast be.. tween the Chicago bungalow and the simple worker's cottage of the late nine..

Their small size and more price.. sensitive product put them at a disadvantage in the competition for invest.. ment capital, materials, and labor. In early 1920, the Federal Reserve tight.. ened credit after the successful conclusion of the Victory Bond drive, and by spring the economy slipped into a deep recession. The contraction continued until mid-1921, at which time private capital again began flowing into resi.. dential construction. The upswing continued through 1925, when it reached an all..

Tieth century subscribed to a belief in the ability of science and administration to solve other social problems. " 38 As it turned out, Congress was hostile to every suggestion for continuing the war programs in any form and even seemed to regret having authorized them on a temporary basis. The plan to sell whole neighborhoods to residents to manage cooperatively on a nonprofit basis made absolutely no headway in Congress. class families got nowhere. Rather than support any such initiatives, Congress embarked on what one observer described as an "orgy of 'investigation'" into the operations of the war programs.

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