Borrow: The American Way of Debt

English

Series: Vintage Original Ser.

ISBN: 0307744906

EAN: 9780307744906

Category: Business & Economics / Finance/Political Science / Public Policy / Economic Policy/Business & Economics / Economic Conditions/Business & Economics / Banks & Banking/

Publisher: Vintage

Release Date: 01/24/2012

Synopsis: 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.
 
Borrow examines 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, Borrow charts 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.

A Paperback Original

Borrow: The American Way of Debt

Illustrated: Yes

Format: eBook - EPUB

Pages: 200