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Business & Money

Economic History

Borrow: The American Way of Debt

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Borrow: The American Way of Debt
- Borrow
- The American Way of Debt
- Louis Hyman
In this lively history of consumer debt in America, economic historian Louis Hyman demonstrates that todayâ‚¬s problems are not as new as we think.
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Borrow examines how the rise of consumer borrowingâ‚¬"virtually unknown before the twentieth centuryâ‚¬"has altered our culture and economy. Starting in the years before the Great Depression, increased access to money raised living standards but also introduced unforeseen risks. As lending grew more and more profitable, it displaced funds available for business borrowing, setting our economy on an unsustainable course. Told through the vivid stories of individuals and institutions affected by these changes, Borrow charts the collision of commerce and culture in twentieth-century America, giving an historical perspective on what is newâ‚¬"and what is notâ‚¬"in todayâ‚¬s economic turmoil.

A Paperback Original
Country USA
Brand Vintage
Manufacturer Knopf Doubleday Publishing Group
Binding Paperback
ItemPartNumber Illustrated
Color White
ReleaseDate 2012-01-24
UnitCount 1
Format Illustrated
EANs 9780307741684

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