Architecture of Indonesia built environment today. Early twentieth century modernisms are still very evident across much of Indonesia, especially in urban areas. The 1930s world depression was devastating and was followed by another decade of war, revolution and struggle, which restricted the development of built environments. The Javanese art-deco style from the 1920s became the root for the first Indonesian national style in the 1950s. The politically turbulent 1950s meant that the new but bruised Indonesia was neither able to afford or focused to follow the new international movements such as modernist brutalism. Continuity from the 1920s and 30s through to the 1950s
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,