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American Bonds – How Credit Markets Shaped a Nation - Princeton Scholarship Online
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American Bonds: How Credit Markets Shaped a Nation

Sarah L. Quinn


Federal housing finance policy and mortgage-backed securities have gained widespread attention in recent years because of the 2008 financial crisis, but issues of government credit have been part of American life since the nation's founding. From the 1780s, when a watershed national land credit policy was established, to the postwar foundations of our current housing finance system, this book examines the evolution of securitization and federal credit programs. The book shows that since the Westward expansion, the US government has used financial markets to manage America's complex social divi ... More

Keywords: federal housing, finance policy, 2008 financial crisis, government credit, securitization, federal credit programs, social divides, financial markets, money lending

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780691156750
Published to Princeton Scholarship Online: January 2020 DOI:10.23943/princeton/9780691156750.001.0001


Affiliations are at time of print publication.

Sarah L. Quinn, author
University of Washington