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Foreclosures significantly influenced the passage of relief acts as they highlighted the widespread financial distress and housing instability during economic downturns, particularly during the Great Depression and the 2008 financial crisis. Rising foreclosures prompted public outcry and political pressure, leading the government to implement measures such as the Home Owners' Loan Corporation and the Troubled Asset Relief Program. These acts aimed to stabilize the housing market, provide financial assistance to struggling homeowners, and prevent further economic collapse by restoring consumer confidence and promoting recovery.

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2w ago

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