The dead pledge: the origins of the mortgage market and federal bailouts, 1913-1939
"Bailouts and a Balanced Economy: A New History of the American State, 1913-1939 shows that the kinds of bailouts that inspired such popular fury during the 2008 financial crisis emerged from a long history of government support for the financial sector, most especially for banks making mortgag...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York
Columbia University Press
[2021]
|
| Schriftenreihe: | Columbia studies in the history of U.S. capitalism.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "Bailouts and a Balanced Economy: A New History of the American State, 1913-1939 shows that the kinds of bailouts that inspired such popular fury during the 2008 financial crisis emerged from a long history of government support for the financial sector, most especially for banks making mortgages. Glock argues that a central goal of the American government in the early 20th century, from the Progressive Era through the New Deal, was to encourage new and riskier types of bank loans through government guarantees. He shows that the Great Depression led the government to act on its earliest promises and provide billions of dollars of bailouts to insolvent banks, even while it extended support to an ever greater proportion of banks and financiers. The book thus argues that the most significant and extensive government safety net that emerged from the first half of the twentieth century was the safety net protecting banks and lenders, especially those making long-term mortgages. The recent bailouts were only the culmination of these earlier reforms. The book explains that these government guarantees emerged from the combination of a new ideology and a new alliance of interest groups. The ideology declared it the duty of the government ensure a "balanced economy" between all productive sectors. In this conception, the government needed to act as a sort of fulcrum, bolstering any economic sector, such as agriculture, that fell behind. Without focused financial support for these sectors, the ideology argued, the economy risked falling "out of balance," or into "unbalanced growth," which could end in depression or disaster. Throughout the book, Glock shows how recovering this concept can help us make sense of the decisions and actions of policy makers during this crucial time"-- |
| Beschreibung: | 1 online resource (viii, 289 pages) illustrations |
| Bibliographie: | Includes bibliographical references and index |
| ISBN: | 9780231549851 0231549857 |
Internformat
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| 245 | 1 | 4 | |a The dead pledge |b the origins of the mortgage market and federal bailouts, 1913-1939 |c Judge Glock |
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| 490 | 1 | |a Columbia studies in the history of U.S. capitalism | |
| 504 | |a Includes bibliographical references and index | ||
| 520 | |a "Bailouts and a Balanced Economy: A New History of the American State, 1913-1939 shows that the kinds of bailouts that inspired such popular fury during the 2008 financial crisis emerged from a long history of government support for the financial sector, most especially for banks making mortgages. Glock argues that a central goal of the American government in the early 20th century, from the Progressive Era through the New Deal, was to encourage new and riskier types of bank loans through government guarantees. He shows that the Great Depression led the government to act on its earliest promises and provide billions of dollars of bailouts to insolvent banks, even while it extended support to an ever greater proportion of banks and financiers. The book thus argues that the most significant and extensive government safety net that emerged from the first half of the twentieth century was the safety net protecting banks and lenders, especially those making long-term mortgages. The recent bailouts were only the culmination of these earlier reforms. The book explains that these government guarantees emerged from the combination of a new ideology and a new alliance of interest groups. The ideology declared it the duty of the government ensure a "balanced economy" between all productive sectors. In this conception, the government needed to act as a sort of fulcrum, bolstering any economic sector, such as agriculture, that fell behind. Without focused financial support for these sectors, the ideology argued, the economy risked falling "out of balance," or into "unbalanced growth," which could end in depression or disaster. Throughout the book, Glock shows how recovering this concept can help us make sense of the decisions and actions of policy makers during this crucial time"-- |c Provided by publisher | ||
| 505 | 0 | |a Introduction -- Making the Land Liquid: The Roots of Land Banking -- The Special Privileges of the Federal Banks -- The Federal Land Banks and Financial Distress, 1916-1926 -- Falling Prices and Mortgage Crisis, 1926-1933 -- Herbert Hoover and the Urban Mortgage Crisis in the Great Depression -- A New Deal for Farm Mortgages -- Housing, Heavy Industry, and the Forgotten New Deal Banking Act -- An Economy Balanced by Mortgages -- Conclusion | |
| 588 | 0 | |a Online resource; title from PDF title page (ProQuest Ebook Central, viewed on February 23, 2021) | |
| 650 | 0 | |a Mortgages |z United States |x History |y 20th century. | |
| 650 | 0 | |a Farm mortgages |z United States |x History |y 20th century. | |
| 650 | 0 | |a Mortgage banks |z United States |x History |y 20th century. | |
| 650 | 0 | |a Bailouts (Government policy) |z United States |x History |y 20th century. | |
| 650 | 0 | |a Loans |z United States |x Government guaranty |x History |y 20th century. | |
| 651 | 0 | |a United States |x Economic policy. |0 http://id.loc.gov/authorities/subjects/sh85140033 | |
| 650 | 0 | |a Electronic books. |0 http://id.loc.gov/authorities/subjects/sh93007047 | |
| 650 | 6 | |a Hypothèques |z États-Unis |x Histoire |y 20e siècle. | |
| 650 | 6 | |a Hypothèques agricoles |z États-Unis |x Histoire |y 20e siècle. | |
| 650 | 6 | |a Renflouement (Finances) |z États-Unis |x Histoire |y 20e siècle. | |
| 650 | 6 | |a Prêts garantis par l'État |z États-Unis |x Histoire |y 20e siècle. | |
| 651 | 6 | |a États-Unis |x Politique économique. | |
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| 650 | 7 | |a Economic policy |2 fast | |
| 650 | 7 | |a Farm mortgages |2 fast | |
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| 650 | 7 | |a Mortgage banks |2 fast | |
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| 776 | 0 | 8 | |i Print version: |a Glock, Judge. |t Dead pledge. |d New York : Columbia University Press, [2021] |z 9780231192521 |w (DLC) 2020039985 |w (OCoLC)1195817726 |
| 830 | 0 | |a Columbia studies in the history of U.S. capitalism. |0 http://id.loc.gov/authorities/names/no2014094647 | |
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| contents | Introduction -- Making the Land Liquid: The Roots of Land Banking -- The Special Privileges of the Federal Banks -- The Federal Land Banks and Financial Distress, 1916-1926 -- Falling Prices and Mortgage Crisis, 1926-1933 -- Herbert Hoover and the Urban Mortgage Crisis in the Great Depression -- A New Deal for Farm Mortgages -- Housing, Heavy Industry, and the Forgotten New Deal Banking Act -- An Economy Balanced by Mortgages -- Conclusion |
| ctrlnum | (OCoLC)1195817078 |
| dewey-full | 332.7/2097309043 |
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.7/2097309043 |
| dewey-search | 332.7/2097309043 |
| dewey-sort | 3332.7 102097309043 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| era | 1900-1999 fast |
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| format | Electronic eBook |
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| genre | History fast |
| genre_facet | History |
| geographic | United States Economic policy. http://id.loc.gov/authorities/subjects/sh85140033 États-Unis Politique économique. United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq |
| geographic_facet | United States Economic policy. États-Unis Politique économique. United States |
| id | ZDB-4-EBU-on1195817078 |
| illustrated | Illustrated |
| indexdate | 2024-07-16T15:04:30Z |
| institution | BVB |
| isbn | 9780231549851 0231549857 |
| language | English |
| lccn | 2020039986 |
| oclc_num | 1195817078 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (viii, 289 pages) illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | Columbia University Press |
| record_format | marc |
| series | Columbia studies in the history of U.S. capitalism. |
| series2 | Columbia studies in the history of U.S. capitalism |
| spelling | Glock, Judge, author. http://id.loc.gov/authorities/names/n2020050226 The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939 Judge Glock New York Columbia University Press [2021] 1 online resource (viii, 289 pages) illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier text file rdaft Columbia studies in the history of U.S. capitalism Includes bibliographical references and index "Bailouts and a Balanced Economy: A New History of the American State, 1913-1939 shows that the kinds of bailouts that inspired such popular fury during the 2008 financial crisis emerged from a long history of government support for the financial sector, most especially for banks making mortgages. Glock argues that a central goal of the American government in the early 20th century, from the Progressive Era through the New Deal, was to encourage new and riskier types of bank loans through government guarantees. He shows that the Great Depression led the government to act on its earliest promises and provide billions of dollars of bailouts to insolvent banks, even while it extended support to an ever greater proportion of banks and financiers. The book thus argues that the most significant and extensive government safety net that emerged from the first half of the twentieth century was the safety net protecting banks and lenders, especially those making long-term mortgages. The recent bailouts were only the culmination of these earlier reforms. The book explains that these government guarantees emerged from the combination of a new ideology and a new alliance of interest groups. The ideology declared it the duty of the government ensure a "balanced economy" between all productive sectors. In this conception, the government needed to act as a sort of fulcrum, bolstering any economic sector, such as agriculture, that fell behind. Without focused financial support for these sectors, the ideology argued, the economy risked falling "out of balance," or into "unbalanced growth," which could end in depression or disaster. Throughout the book, Glock shows how recovering this concept can help us make sense of the decisions and actions of policy makers during this crucial time"-- Provided by publisher Introduction -- Making the Land Liquid: The Roots of Land Banking -- The Special Privileges of the Federal Banks -- The Federal Land Banks and Financial Distress, 1916-1926 -- Falling Prices and Mortgage Crisis, 1926-1933 -- Herbert Hoover and the Urban Mortgage Crisis in the Great Depression -- A New Deal for Farm Mortgages -- Housing, Heavy Industry, and the Forgotten New Deal Banking Act -- An Economy Balanced by Mortgages -- Conclusion Online resource; title from PDF title page (ProQuest Ebook Central, viewed on February 23, 2021) Mortgages United States History 20th century. Farm mortgages United States History 20th century. Mortgage banks United States History 20th century. Bailouts (Government policy) United States History 20th century. Loans United States Government guaranty History 20th century. United States Economic policy. http://id.loc.gov/authorities/subjects/sh85140033 Electronic books. http://id.loc.gov/authorities/subjects/sh93007047 Hypothèques États-Unis Histoire 20e siècle. Hypothèques agricoles États-Unis Histoire 20e siècle. Renflouement (Finances) États-Unis Histoire 20e siècle. Prêts garantis par l'État États-Unis Histoire 20e siècle. États-Unis Politique économique. Livres numériques. e-books. aat HISTORY United States 20th Century. bisacsh Bailouts (Government policy) fast Economic policy fast Farm mortgages fast Loans Government guaranty fast Mortgage banks fast Mortgages fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq 1900-1999 fast History fast has work: The dead pledge (Text) https://id.oclc.org/worldcat/entity/E39PCGPMTcWHqkw6BHkYMQJ8T3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Glock, Judge. Dead pledge. New York : Columbia University Press, [2021] 9780231192521 (DLC) 2020039985 (OCoLC)1195817726 Columbia studies in the history of U.S. capitalism. http://id.loc.gov/authorities/names/no2014094647 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2634492 Volltext |
| spellingShingle | Glock, Judge The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939 Columbia studies in the history of U.S. capitalism. Introduction -- Making the Land Liquid: The Roots of Land Banking -- The Special Privileges of the Federal Banks -- The Federal Land Banks and Financial Distress, 1916-1926 -- Falling Prices and Mortgage Crisis, 1926-1933 -- Herbert Hoover and the Urban Mortgage Crisis in the Great Depression -- A New Deal for Farm Mortgages -- Housing, Heavy Industry, and the Forgotten New Deal Banking Act -- An Economy Balanced by Mortgages -- Conclusion Mortgages United States History 20th century. Farm mortgages United States History 20th century. Mortgage banks United States History 20th century. Bailouts (Government policy) United States History 20th century. Loans United States Government guaranty History 20th century. Electronic books. http://id.loc.gov/authorities/subjects/sh93007047 Hypothèques États-Unis Histoire 20e siècle. Hypothèques agricoles États-Unis Histoire 20e siècle. Renflouement (Finances) États-Unis Histoire 20e siècle. Prêts garantis par l'État États-Unis Histoire 20e siècle. Livres numériques. e-books. aat HISTORY United States 20th Century. bisacsh Bailouts (Government policy) fast Economic policy fast Farm mortgages fast Loans Government guaranty fast Mortgage banks fast Mortgages fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85140033 http://id.loc.gov/authorities/subjects/sh93007047 |
| title | The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939 |
| title_auth | The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939 |
| title_exact_search | The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939 |
| title_full | The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939 Judge Glock |
| title_fullStr | The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939 Judge Glock |
| title_full_unstemmed | The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939 Judge Glock |
| title_short | The dead pledge |
| title_sort | dead pledge the origins of the mortgage market and federal bailouts 1913 1939 |
| title_sub | the origins of the mortgage market and federal bailouts, 1913-1939 |
| topic | Mortgages United States History 20th century. Farm mortgages United States History 20th century. Mortgage banks United States History 20th century. Bailouts (Government policy) United States History 20th century. Loans United States Government guaranty History 20th century. Electronic books. http://id.loc.gov/authorities/subjects/sh93007047 Hypothèques États-Unis Histoire 20e siècle. Hypothèques agricoles États-Unis Histoire 20e siècle. Renflouement (Finances) États-Unis Histoire 20e siècle. Prêts garantis par l'État États-Unis Histoire 20e siècle. Livres numériques. e-books. aat HISTORY United States 20th Century. bisacsh Bailouts (Government policy) fast Economic policy fast Farm mortgages fast Loans Government guaranty fast Mortgage banks fast Mortgages fast |
| topic_facet | Mortgages United States History 20th century. Farm mortgages United States History 20th century. Mortgage banks United States History 20th century. Bailouts (Government policy) United States History 20th century. Loans United States Government guaranty History 20th century. United States Economic policy. Electronic books. Hypothèques États-Unis Histoire 20e siècle. Hypothèques agricoles États-Unis Histoire 20e siècle. Renflouement (Finances) États-Unis Histoire 20e siècle. Prêts garantis par l'État États-Unis Histoire 20e siècle. États-Unis Politique économique. Livres numériques. e-books. HISTORY United States 20th Century. Bailouts (Government policy) Economic policy Farm mortgages Loans Government guaranty Mortgage banks Mortgages United States History |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2634492 |
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