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Debtor Nation: The History of America in Red Ink Book

Debtor Nation: The History of America in Red Ink
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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 m, Debtor Nation: The History of America in Red Ink
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  • Debtor Nation: The History of America in Red Ink
  • Written by author Louis Hyman
  • Published by Princeton University Press, 10/28/2012
  • 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 m
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List of Illustrations ix

An Introduction to the History of Debt 1

Chapter One: Making Credit Modern: The Origins of the Debt Infrastructure in the 1920s 10

Chapter Two: Debt and Recovery: New Deal Housing Policy and the Making of National Mortgage Markets 45

Chapter Three: How Commercial Bankers Discovered Consumer Credit: The Federal Housing Administration and Personal Loan Departments, 1934-1938 73

Chapter Four: War and Credit: Government Regulation and Changing Credit Practices 98

Chapter Five: Postwar Consumer Credit: Borrowing for Prosperity 132

Chapter Six: Legitimating the Credit Infrastructure: Race, Gender, and Credit Access 173

Chapter Seven: Securing Debt in an Insecure World: Credit Cards and Capital Markets 220

Epilogue: Debt as Choice, Debt as Structure 281

Acknowledgments 289

Abbreviations 291

Notes 293

References 363

Index 365


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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 m, Debtor Nation: The History of America in Red Ink

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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 m, Debtor Nation: The History of America in Red Ink

Debtor Nation: The History of America in Red Ink

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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 m, Debtor Nation: The History of America in Red Ink

Debtor Nation: The History of America in Red Ink

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