LEADER 06647nam 2201489 a 450 001 9910791558403321 005 20200520144314.0 010 $a1-282-97644-3 010 $a9786612976445 010 $a1-4008-3840-1 024 7 $a10.1515/9781400838400 035 $a(CKB)2560000000055409 035 $a(EBL)664586 035 $a(OCoLC)704061611 035 $a(SSID)ssj0000468301 035 $a(PQKBManifestationID)11331637 035 $a(PQKBTitleCode)TC0000468301 035 $a(PQKBWorkID)10497440 035 $a(PQKB)10490769 035 $a(MiAaPQ)EBC664586 035 $a(StDuBDS)EDZ0000406775 035 $a(OCoLC)966824796 035 $a(MdBmJHUP)muse54638 035 $a(DE-B1597)474341 035 $a(OCoLC)979905265 035 $a(DE-B1597)9781400838400 035 $a(Au-PeEL)EBL664586 035 $a(CaPaEBR)ebr10444511 035 $a(CaONFJC)MIL297644 035 $a(PPN)18726919X 035 $a(EXLCZ)992560000000055409 100 $a20100811d2011 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDebtor nation$b[electronic resource] $ethe history of America in red ink /$fLouis Hyman 205 $aCourse Book 210 $aPrinceton $cPrinceton University Press$dc2011 215 $a1 online resource (391 p.) 225 1 $aPolitics and society in twentieth-century America 300 $aDescription based upon print version of record. 311 $a0-691-15616-6 311 $a0-691-14068-5 320 $aIncludes bibliographical references and index. 327 $aMaking credit modern: the origins of the debt infrastructure in the 1920s -- Debt and recovery: New Deal housing policy and the making of national mortgage markets -- How commercial bankers discovered consumer credit: the Federal Housing Administration and personal loan departments -- War and credit: government regulation and changing credit practices -- Postwar consumer credit: borrowing for prosperity -- Legitimating the credit infrastructure: race, gender and credit access -- Securing debt in an insecure world -- Epilogue: debt as choice, debt as structure. 330 $aBefore the twentieth century, personal debt resided on the fringes of the American economy, the province of small-time criminals and struggling merchants. By the end of the century, however, the most profitable corporations and banks in the country lent money to millions of American debtors. How did this happen? The first book to follow the history of personal debt in modern America, Debtor Nation traces the evolution of debt over the course of the twentieth century, following its transformation from fringe to mainstream--thanks to federal policy, financial innovation, and retail competition. How did banks begin making personal loans to consumers during the Great Depression? Why did the government invent mortgage-backed securities? Why was all consumer credit, not just mortgages, tax deductible until 1986? Who invented the credit card? Examining the intersection of government and business in everyday life, Louis Hyman takes the reader behind the scenes of the institutions that made modern lending possible: the halls of Congress, the boardrooms of multinationals, and the back rooms of loan sharks. America's newfound indebtedness resulted not from a culture in decline, but from changes in the larger structure of American capitalism that were created, in part, by the choices of the powerful--choices that made lending money to facilitate consumption more profitable than lending to invest in expanded production. From the origins of car financing to the creation of subprime lending, Debtor Nation presents a nuanced history of consumer credit practices in the United States and shows how little loans became big business. 410 0$aPolitics and society in twentieth-century America. 606 $aConsumer credit$zUnited States$xHistory$y20th century 606 $aDebt$zUnited States$xHistory$y20th century 606 $aLoans, Personal$zUnited States$xHistory$y20th century 607 $aUnited States$xEconomic conditions$y20th century 607 $aUnited States$xEconomic policy$y20th century 610 $aAmerican banks. 610 $aAmerican capitalism. 610 $aAmerican consumers. 610 $aAmerican economy. 610 $aFederal Housing Administration. 610 $aFederal Reserve. 610 $aNational City Bank. 610 $aNew Deal housing policy. 610 $aRegulation W. 610 $aRoosevelt administration. 610 $aTitle I loan program. 610 $aborrowing. 610 $abusiness loans. 610 $acapitalism. 610 $acommercial banks. 610 $acommercial loans. 610 $aconsumer credit. 610 $aconsumer debt. 610 $aconsumer lending. 610 $aconsumption. 610 $acredit access. 610 $acredit activists. 610 $acredit card investments. 610 $acredit card. 610 $acredit cards. 610 $acredit institutions. 610 $acredit rating. 610 $acredit system. 610 $acredit use. 610 $acredit. 610 $adebt. 610 $adebtors. 610 $aentrepreneurial innovation. 610 $afederal policy. 610 $afinancial institutions. 610 $agovernmental policy. 610 $ahome equity loans. 610 $aindustrial economy. 610 $ainstallment credit. 610 $ainvestment capital. 610 $alegal lending. 610 $alegalized personal loans. 610 $alending. 610 $amaterial prosperity. 610 $amodern America. 610 $amodern credit system. 610 $amodern debt. 610 $amoney lending. 610 $amortgages. 610 $anational mortgage markets. 610 $apersonal debt. 610 $apersonal lending. 610 $apersonal loan departments. 610 $apersonal loans. 610 $apostwar United States. 610 $apostwar prosperity. 610 $aregulation. 610 $aresidential housing. 610 $arevolving credit. 610 $asocial status. 610 $awealth inequality. 615 0$aConsumer credit$xHistory 615 0$aDebt$xHistory 615 0$aLoans, Personal$xHistory 676 $a332.70973 700 $aHyman$b Louis$f1977-$01503960 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910791558403321 996 $aDebtor nation$93732692 997 $aUNINA