Debtor Nation: The History of America in Red Ink
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...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Princeton, NJ
Princeton University Press
[2016]
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Ausgabe: | Course Book |
Schriftenreihe: | Politics and Society in Twentieth-Century America
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Schlagworte: | |
Online-Zugang: | URL des Erstveröffentlichers |
Zusammenfassung: | 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 |
Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed Nov. 7, 2016) |
Beschreibung: | 1 online resource |
ISBN: | 9781400838400 |
DOI: | 10.1515/9781400838400 |
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520 | |a 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 | ||
546 | |a In English | ||
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650 | 4 | |a Debt |z United States |x History |y 20th century | |
650 | 4 | |a Loans, Personal |z United States |x History |y 20th century | |
650 | 0 | 7 | |a Kreditmarkt |0 (DE-588)4073788-3 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Überschuldung |0 (DE-588)4061407-4 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Finanzpolitik |0 (DE-588)4127795-8 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Haushalt |0 (DE-588)4023744-8 |2 gnd |9 rswk-swf |
651 | 4 | |a USA | |
651 | 7 | |a USA |0 (DE-588)4078704-7 |2 gnd |9 rswk-swf | |
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Datensatz im Suchindex
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any_adam_object | |
author | Hyman, Louis |
author_facet | Hyman, Louis |
author_role | aut |
author_sort | Hyman, Louis |
author_variant | l h lh |
building | Verbundindex |
bvnumber | BV043979236 |
collection | ZDB-23-DGG |
ctrlnum | (ZDB-23-DGG)9781400838400 (OCoLC)1165547331 (DE-599)BVBBV043979236 |
dewey-full | 332.70973 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 332 - Financial economics |
dewey-raw | 332.70973 |
dewey-search | 332.70973 |
dewey-sort | 3332.70973 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
doi_str_mv | 10.1515/9781400838400 |
edition | Course Book |
era | Geschichte 1900-2000 Geschichte 1920- gnd |
era_facet | Geschichte 1900-2000 Geschichte 1920- |
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spelling | Hyman, Louis Verfasser aut Debtor Nation The History of America in Red Ink Louis Hyman Course Book Princeton, NJ Princeton University Press [2016] © 2011 1 online resource txt rdacontent c rdamedia cr rdacarrier Politics and Society in Twentieth-Century America Description based on online resource; title from PDF title page (publisher's Web site, viewed Nov. 7, 2016) 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 In English Geschichte 1900-2000 Geschichte 1920- gnd rswk-swf Geschichte Consumer credit United States History 20th century Debt United States History 20th century Loans, Personal United States History 20th century Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Überschuldung (DE-588)4061407-4 gnd rswk-swf Finanzpolitik (DE-588)4127795-8 gnd rswk-swf Haushalt (DE-588)4023744-8 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Haushalt (DE-588)4023744-8 s Überschuldung (DE-588)4061407-4 s Kreditmarkt (DE-588)4073788-3 s Finanzpolitik (DE-588)4127795-8 s Geschichte 1920- z 1\p DE-604 https://doi.org/10.1515/9781400838400 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Hyman, Louis Debtor Nation The History of America in Red Ink Geschichte Consumer credit United States History 20th century Debt United States History 20th century Loans, Personal United States History 20th century Kreditmarkt (DE-588)4073788-3 gnd Überschuldung (DE-588)4061407-4 gnd Finanzpolitik (DE-588)4127795-8 gnd Haushalt (DE-588)4023744-8 gnd |
subject_GND | (DE-588)4073788-3 (DE-588)4061407-4 (DE-588)4127795-8 (DE-588)4023744-8 (DE-588)4078704-7 |
title | Debtor Nation The History of America in Red Ink |
title_auth | Debtor Nation The History of America in Red Ink |
title_exact_search | Debtor Nation The History of America in Red Ink |
title_full | Debtor Nation The History of America in Red Ink Louis Hyman |
title_fullStr | Debtor Nation The History of America in Red Ink Louis Hyman |
title_full_unstemmed | Debtor Nation The History of America in Red Ink Louis Hyman |
title_short | Debtor Nation |
title_sort | debtor nation the history of america in red ink |
title_sub | The History of America in Red Ink |
topic | Geschichte Consumer credit United States History 20th century Debt United States History 20th century Loans, Personal United States History 20th century Kreditmarkt (DE-588)4073788-3 gnd Überschuldung (DE-588)4061407-4 gnd Finanzpolitik (DE-588)4127795-8 gnd Haushalt (DE-588)4023744-8 gnd |
topic_facet | Geschichte Consumer credit United States History 20th century Debt United States History 20th century Loans, Personal United States History 20th century Kreditmarkt Überschuldung Finanzpolitik Haushalt USA |
url | https://doi.org/10.1515/9781400838400 |
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