A Nation of Deadbeats is popular PDF and ePub book, written by Scott Reynolds Nelson in 2013-06-04, it is a fantastic choice for those who relish reading online the History genre. Let's immerse ourselves in this engaging History book by exploring the summary and details provided below. Remember, A Nation of Deadbeats can be Read Online from any device for your convenience.
A Nation of Deadbeats Book PDF Summary
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.
Detail Book of A Nation of Deadbeats PDF
- Author : Scott Reynolds Nelson
- Release : 04 June 2013
- Publisher : Vintage
- ISBN : 9780307474322
- Genre : History
- Total Page : 370 pages
- Language : English
- PDF File Size : 8,8 Mb
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