The Great Depression was marked by non-farm housing slumps and falling real estate prices,prompting many states to impose a moratorium on residential mortgage foreclosures.

Question

Quizplus · Accepted Answer

This is true. During the Great Depression, there were significant declines in housing prices and foreclosures rates increased. To combat this, many states implemented moratoriums on foreclosures to try to stabilize the housing market.

The Great Depression Was Marked by Non-Farm Housing Slumps and Falling