Debtor Nation

Debtor Nation
Debtor Nation: The History of America in Red Ink  
Author(s) Louis Hyman
Country United States
Language English
Genre(s) History
Publisher Princeton University Press
Publication date 11 January 2011
Media type Print Hardcover
Pages 392 pp
ISBN ISBN 978-0-691-14068-1

Debtor Nation: The History of America in Red Ink is the first history book written by Louis Hyman, who received his PhD from Harvard University in 2007.[1]

Contents

Argument

The book argues that, to understand the rise of our contemporary debt-driven economy, we must look back at the history of American markets and American policy in the 20th century.

The book combines the methods of economic, business, political, and social history.[2]

Chapters

The book is arranged into nine chapters overall, spanning the twentieth century.

  • An Introduction to the History of Debt
  • Chapter One: Making Credit Modern: The Origins of the Debt Infrastructure in the 1920s
  • Chapter Two: Debt and Recovery: New Deal Housing Policy and the Making of National Mortgage Markets
  • Chapter Three: How Commercial Bankers Discovered Consumer Credit: The Federal Housing Administration and Personal Loan Departments, 1934-1938
  • Chapter Four: War and Credit: Government Regulation and Changing Credit Practices
  • Chapter Five: Postwar Consumer Credit: Borrowing for Prosperity
  • Chapter Six: Legitimating the Credit Infrastructure: Race, Gender, and Credit Access
  • Chapter Seven: Securing Debt in an Insecure World: Credit Cards and Capital Markets
  • Epilogue: Debt as Choice, Debt as Structure

In popular culture

Hyman's arguments in Debtor Nation inform his explanations of the financial crisis in David Sington's documentary The Flaw.[3]

References

  1. ^ Teitell, Beth (November 2, 2008). "Deep in Debt". The Boston Globe. http://www.boston.com/bostonglobe/magazine/articles/2008/11/02/deep_in_debt/. 
  2. ^ "Hyman, L.: Debtor Nation: The History of America in Red Ink". Princeton University Press. November 8, 2010. http://press.princeton.edu/titles/9431.html. 
  3. ^ Lambert, Stephen (October 23, 2010). "The Flaw: Examining the Roots of Economic Malaise". The Huffington Post. http://www.huffingtonpost.com/stephen-lambert/post_1119_b_772911.html. 

External links


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Look at other dictionaries:

  • debtor nation — UK US noun [C] (also debtor country) ► ECONOMICS, POLITICS a country that owes more to other countries than other countries owe to it: »The heavy foreign buying of U.S. securities flipped the U.S. over from creditor to debtor nation a few years… …   Financial and business terms

  • Debtor Nation — A nation with a cumulative balance of payments deficit. A debtor nation has negative net investment after recording all of the financial transactions it has completed worldwide. Nations that have invested fewer resources than the rest of the… …   Investment dictionary

  • debtor nation — / detə ˌneɪʃ(ə)n/ noun a country whose foreign debts are larger than money owed to it by other countries ▪▪▪ ‘…the United States is now a debtor nation for the first time since 1914, owing more to foreigners than it is owed itself’ [Economist] …   Dictionary of banking and finance

  • debtor nation — noun : a nation whose debts to other countries exceed its foreign investments compare creditor nation …   Useful english dictionary

  • debtor nation — n. nation that ownes more to other countries that others owe to it …   English contemporary dictionary

  • debtor country — UK }} US }} noun [C] ► DEBTOR NATION(Cf. ↑debtor nation) …   Financial and business terms

  • nation — noun ADJECTIVE ▪ large ▪ little, small ▪ major ▪ great, leading, powerful, strong …   Collocations dictionary

  • debtor — / detə/ noun a person who owes money ▪▪▪ ‘…the United States is now a debtor nation for the first time since 1914, owing more to foreigners than it is owed itself’ [Economist] …   Marketing dictionary in english

  • debtor — [det′ər] n. [altered (after L) < ME dettur < OFr detor < L debitor < debitus, pp. of debere: see DEBT] a person, company, nation, etc. that owes something to another or others …   English World dictionary

  • debtor — noun Debtor is used before these nouns: ↑nation …   Collocations dictionary

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