||7 of 7 people found the following review helpful.| Excellent financial history, and surprising|By thomas smith|Superbly detailed, this explanation of the rise of an economy that depends on debtors offers numerous surprises. Of particular note is the limited role of bankers. They were reluctant lenders. The government had to offer guarantees before bankers would extend mortgage debt. Retailers were obliged to extend credit, des||| One of Choice's Outstanding Academic Titles for 2011: Top 25 Books|
"[I]ncredibly timely."--Diane Coyle, The Enlightened Economist blog| |
"[Debtor Nation] does a splendid job unpacking the origin
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 c...
[PDF.iy46] Debtor Nation: The History of America in Red Ink (Politics and Society in Modern America) Rating: 4.99 (577 Votes)
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You easily download any file type for your gadget.Debtor Nation: The History of America in Red Ink (Politics and Society in Modern America) | Louis Hyman. Just read it with an open mind because none of us really know.
