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Debtor Nation: The History of America in Red Ink (Politics and Society in Twentieth Century America)
by
Louis Hyman
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 mode...more
Paperback, 379 pages
Published
October 8th 2012
by Princeton University Press
(first published January 1st 2011)
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3.5 stars. When I picked this book up, I thought it would be more of a discussion of spending habits and consumer decisions that resulted in our current infatuation with debt. It wasn't. It was a description of legislation, the financial sector, and economics and how all of those forces contributed to our current financial system and indebtedness. While that made it much harder for me to read (I am not well versed in the capital securities market and how it actually works), I actually learned a...more
really interesting so far, brings in gender and race into the discussion. rare for a book about economic things.
Apr 23, 2013
Dave
marked it as to-read
·
review of another edition
Shelves:
economic-philosophy-history
Mar 27, 2013
Ohyoon Kim
marked it as to-read
Mar 03, 2013
Donald Linnemeyer
marked it as to-read
·
review of another edition
Shelves:
economics,
history-american
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