International Exhibition of Modern Decorative and Industrial Arts of the most modernist, was the tower of the Tourism Pavilion by Robert Mallet-Stevens. The tower's sleek lines and lack of ornament were an announcement of the international style that would replace Art Deco. In 1929 Mallet-Stevens led the creation of The French Union of Modern Artists which rebelled against the luxurious decorative styles shown at the Exposition, and, along with Le Corbusier, demanded architecture without ornament, built with inexpensive and mass-produced materials. Just inside the main entrance of the Exposition on the Place de la Concorde was the main promenade of the Exposition, with the pavilions of the major
Causes of the Great Depression There was also a real estate and housing bubble in the 1920s, especially in Florida, which burst in 1925. Alvin Hansen stated that housing construction during the 1920s decade exceeded population growth by 25%. See also:Florida land boom of the 1920s Statistics kept by Cook County, Illinois show over 1 million vacant plots for homes in the Chicago area, despite only 950,000 plots being occupied, the result of Chicago's explosive population growth in combination with a real estate bubble. Irving Fisher argued the predominant factor leading to the Great Depression was over-indebtedness and deflation. Fisher tied loose credit to over-indebtedness,