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

Louis Hyman

Abstract

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 money to millions of American debtors. How did this happen? This, the first book to follow the history of personal debt in modern America, traces the evolution of debt over the course of the twentieth century, following its transformation from fringe to mainstream—thanks to federal policy, financial innovation, and retail competition. How did b ... More

Keywords: personal debt, American economy, American banks, debtors, modern America, personal loans, consumer credit, American capitalism, money lending

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780691140681
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691140681.001.0001

Authors

Affiliations are at time of print publication.

Louis Hyman, author
Independent scholar