|Poli Sci Teaching Assistant|
|From Chapter: Contract Clause|
What did the Supreme Court hold in Home Building and Loan Association v. Blaisdell (1934)?
|The Court upheld Minnesota's Mortgage Moratorium Act which suspended creditors' ability to foreclose homes during the Great Depression. The Court observed that economic conditions threatened to destroy social order and it is implied in every contract that sovereign states will take necessary steps to secure economic order.|