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Author:
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Category : Credit
Languages : en
Pages : 1140
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Book Description
Author:
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 1140
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Book Description
Author: Taylor Society
Publisher:
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Category : Factory management
Languages : en
Pages : 606
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Category : United States
Languages : en
Pages : 1200
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Author:
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Category : Consular reports
Languages : en
Pages : 588
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Category : Economics
Languages : en
Pages : 454
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Author:
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Category : Consular reports
Languages : en
Pages :
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Author: Providence Public Library (R.I.)
Publisher:
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Category : Best books
Languages : en
Pages : 806
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Category : Agriculture
Languages : en
Pages : 64
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Author:
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Category : Consular reports
Languages : en
Pages : 20
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Book Description
Author: Scott Reynolds Nelson
Publisher: Vintage
ISBN: 0307474321
Category : History
Languages : en
Pages : 370
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Book Description
Pundits will argue that the 2008 financial crisis was the first crash in American history driven by consumer debt. But in this spirited, highly engaging account, Scott Reynolds Nelson demonstrates that consumer debt has underpinned almost every major financial panic in the nation’s history. From William Duer’s attempts to profit off the country’s post-Revolutionary War debt to an 1815 plan to sell English coats to Americans on credit, to the debt-fueled railroad expansion that precipitated the 1857 crash: in each case, the chain of banks, brokers, moneylenders, and insurance companies that separated borrowers and lenders made it impossible to distinguish good loans from bad. Bound up in this history are stories of national banks funded by smugglers, fistfights in Congress over the gold standard, America’s early dependence on British bankers, and how presidential campaigns were forged in controversies over private debt. An irreverent, wholly accessible, eye-opening book.
