What is more American than the ideal of homeownership? In this ambitious and groundbreaking work of transnational history, Nancy Kwak reveals how the concept of homeownership became one of America's major exports--and defining characteristics--around the world. Kwak charts the emergence of democratic homeownership in the glow of the postwar landscape and booming economy; its evolution as a tool of foreign policy and as a vehicle for international investment during the 1950s, '60s, and '70s; and finally, the application of ...
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What is more American than the ideal of homeownership? In this ambitious and groundbreaking work of transnational history, Nancy Kwak reveals how the concept of homeownership became one of America's major exports--and defining characteristics--around the world. Kwak charts the emergence of democratic homeownership in the glow of the postwar landscape and booming economy; its evolution as a tool of foreign policy and as a vehicle for international investment during the 1950s, '60s, and '70s; and finally, the application of lessons learned to lower-income homeownership programs in the United States from the 1960s to today. Over that period, Americans leaders, institutions, and policy experts urged leaders in China, Taiwan, Burma, South Korea, Puerto Rico, the Philippines, Peru, Bolivia, Mexico, and countless other countries to embrace the belief that more accessible, mortgage-driven homeownership could simultaneously strengthen democracy and capitalism. This idea took shape differently in all those countries--even as it failed to be honored in poorer and nonwhite areas of America itself.
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