Author: New York State College of Agriculture
Publisher:
ISBN:
Category :
Languages : en
Pages : 204

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Book Description

Author: Judge Earl Glock
Publisher: Columbia University Press
ISBN: 0231549857
Category : History
Languages : en
Pages : 217

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Book Description
The American government today supports a financial system based on mortgage lending, and it often bails out the financial institutions making these mortgages. The Dead Pledge reveals the surprising origins of American mortgages and American bailouts in policies dating back to the early twentieth century. Judge Glock shows that the federal government began subsidizing mortgages in order to help lagging sectors of the economy, such as farming and construction. In order to encourage mortgage lending, the government also extended unprecedented assistance to banks. During the Great Depression, the federal government made new mortgage lending and bank bailouts the centerpiece of its recovery program. Both the Herbert Hoover and Franklin Roosevelt administrations created semipublic financial institutions, such as Fannie Mae, to provide cheap, tradable mortgages, and they extended guarantees to more banks and financiers. Ultimately, Glock argues, the desire to protect the financial system took precedence over the desire to help lagging parts of the economy, and the government became ever more tied into the financial world. The Dead Pledge recasts twentieth-century economic, financial, and political history and demonstrates why the greatest “safety net” created in this era was the one supporting finance.

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 166

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Book Description

Author: U.S. Office of Experiment Stations
Publisher:
ISBN:
Category : Agricultural experiment stations
Languages : en
Pages : 602

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Book Description

Author: Sir Norman Lockyer
Publisher:
ISBN:
Category : Science
Languages : en
Pages : 716

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Book Description

Author: Zhong Chen
Publisher: Springer Nature
ISBN: 2384762818
Category :
Languages : en
Pages : 367

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Book Description

Author: Florida Education Association
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 996

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Book Description

Author: United States. Congress
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1226

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Book Description

Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 948

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Book Description

Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 892

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Book Description
4th ser., v. 1-4 includes the Proceedings of the 1st-11th annual meetings (1848-58) of the Maryland State Agricultural Society.