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A Nation of Deadbeats

By Nelson, Scott Reynolds

A Nation of Deadbeats book

A Nation of Deadbeats

By Nelson, Scott Reynolds

Only 1 item left in stock
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.
Product details
Binding:
Paperback
Edition:
1
Number of Pages:
368
Release Date:
2013-06-04
Publication Date:
2013-06-04
Publisher:
Knopf Doubleday Publishing Group
Languages:
Original: English
ISBN10:
0307474321
ISBN13:
9780307474322
Weight:
410 g
Height:
132 cm
Width:
203 cm
Thickness:
20 cm

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The items bear minimal signs of past use, such as light scratches or memories in the form of markings. These signs of wear give the items a charming character and tell stories of their previous owners, while not affecting their functionality.
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