Borrow

The American Way of Debt

Business & Finance, Economics, Economic History, Nonfiction, History, Americas, United States
Cover of the book Borrow by Louis Hyman, Knopf Doubleday Publishing Group
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Author: Louis Hyman ISBN: 9780307744906
Publisher: Knopf Doubleday Publishing Group Publication: January 24, 2012
Imprint: Vintage Language: English
Author: Louis Hyman
ISBN: 9780307744906
Publisher: Knopf Doubleday Publishing Group
Publication: January 24, 2012
Imprint: Vintage
Language: English

In this lively history of consumer debt in America, economic historian Louis Hyman demonstrates that today’s problems are not as new as we think.
 
Borrow examines how the rise of consumer borrowing—virtually unknown before the twentieth century—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 new—and what is not—in today’s economic turmoil.

A Paperback Original

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In this lively history of consumer debt in America, economic historian Louis Hyman demonstrates that today’s problems are not as new as we think.
 
Borrow examines how the rise of consumer borrowing—virtually unknown before the twentieth century—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 new—and what is not—in today’s economic turmoil.

A Paperback Original

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