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An Introduction to the History of Debt

Louis Hyman

in Debtor Nation: The History of America in Red Ink

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140681
eISBN:
9781400838400
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140681.003.0001
Subject:
History, American History: 20th Century

This introductory chapter provides a history of debt. While personal lending had always existed, before 1917 it had never been legal to charge interest rates high enough to turn a profit and, equally ... More


Debtor Nation: The History of America in Red Ink

Louis Hyman

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140681
eISBN:
9781400838400
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140681.001.0001
Subject:
History, American History: 20th Century

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 ... More


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