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Debtor nation : the history of America in red ink / / Louis Hyman



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Autore: Hyman Louis <1977-> Visualizza persona
Titolo: Debtor nation : the history of America in red ink / / Louis Hyman Visualizza cluster
Pubblicazione: Princeton, : Princeton University Press, c2011
Edizione: Course Book
Descrizione fisica: 1 online resource (391 p.)
Disciplina: 332.70973
Soggetto topico: Consumer credit - United States - History - 20th century
Debt - United States - History - 20th century
Loans, Personal - United States - History - 20th century
Soggetto geografico: United States Economic conditions 20th century
United States Economic policy 20th century
Soggetto non controllato: American banks
American capitalism
American consumers
American economy
Federal Housing Administration
Federal Reserve
National City Bank
New Deal housing policy
Regulation W.
Roosevelt administration
Title I loan program
borrowing
business loans
capitalism
commercial banks
commercial loans
consumer credit
consumer debt
consumer lending
consumption
credit access
credit activists
credit card investments
credit card
credit cards
credit institutions
credit rating
credit system
credit use
credit
debt
debtors
entrepreneurial innovation
federal policy
financial institutions
governmental policy
home equity loans
industrial economy
installment credit
investment capital
legal lending
legalized personal loans
lending
material prosperity
modern America
modern credit system
modern debt
money lending
mortgages
national mortgage markets
personal debt
personal lending
personal loan departments
personal loans
postwar United States
postwar prosperity
regulation
residential housing
revolving credit
social status
wealth inequality
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references and index.
Nota di contenuto: Making 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.
Sommario/riassunto: Before 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.
Titolo autorizzato: Debtor nation  Visualizza cluster
ISBN: 1-282-97644-3
9786612976445
1-4008-3840-1
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910822911603321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: Politics and society in twentieth-century America.