New Indies Style Dutch East Indies. The 1920s and 1930s saw the advent of Modernism in the Dutch East Indies. Typical features included flat roofs and cubic forms, with minimal consideration of the tropics. Art Deco ornamentation was sometimes incorporated into the design. Albert Frederik Aalbers was one of the representatives of the Modern movement in Indonesia before the Second World War. His work is characterized by its clean-cut, functionalist elevations, which often feature curved lines, and the absence of external ornamentation and other purely decorative devices. In the same period, Nationalism manifested in the quest for a new style of architecture —
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,