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Borrow The American Way of Debt

ISBN-10: 0307741680

ISBN-13: 9780307741684

Edition: 2012

Authors: Louis Hyman

List price: $18.95
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Description:

In this lively history of consumer debt in America, economic historian Louis Hyman demonstrates that today’s problems are not as new as we think. Borrowexamines how the rise of consumer borrowing—virtually unknown before the twentieth century—has altered our culture and economy. Starting in the years before the Great Depression, increased access to money raised living standards but also introduced unforeseen risks. As lending grew more and more profitable, it displaced funds available for business borrowing, setting our economy on an unsustainable course. Told through the vivid stories of individuals and institutions affected by these changes,Borrowcharts the collision of commerce and culture in twentieth-century America, giving an historical perspective on what is new—and what is not—in today’s economic turmoil.
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Book details

List price: $18.95
Copyright year: 2012
Publisher: Knopf Doubleday Publishing Group
Publication date: 1/24/2012
Binding: Paperback
Pages: 306
Size: 5.00" wide x 8.00" long x 0.75" tall
Weight: 0.594
Language: English

Louis Hyman is assistant professor of history at the ILR School of Cornell University.

Introduction: Everything Old Is New Again
When Personal Debt Was Really Business Debt
(2000 B.C.-A.D. 1920)
Everybody Paid Cash for the Model T
(1908-1929)
Fannie Mae Can Save America
(1924-1939)
How I Learned to Stop Worrying and Love the Debt
(1945-1960)
Discounted Goods and Distributed Credit
(1959-1970)
Bringing Good Things to Life
(1970-1985)
If Only the Gnomes Had Known
(1968-1986)
The House of Credit Cards
(1986-2008)
Conclusion: Turning the Magic of Borrowing into the Reality of Prosperity
Notes
Acknowledgments
Index
Illustration Credits