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The dead pledge the origins of the mortgage market and federal bailouts, 1913-1939

"Bailouts and a Balanced Economy: A New History of the American State, 1913-1939 shows that the kinds of bailouts that inspired such popular fury during the 2008 financial crisis emerged from a long history of government support for the financial sector, most especially for banks making mortgag...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Glock, Judge (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York Columbia University Press [2021]
Colección:Columbia studies in the history of U.S. capitalism.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Glock, Judge,  |e author. 
245 1 4 |a The dead pledge  |b the origins of the mortgage market and federal bailouts, 1913-1939  |c Judge Glock 
264 1 |a New York  |b Columbia University Press  |c [2021] 
300 |a 1 online resource (viii, 289 pages)  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a Columbia studies in the history of U.S. capitalism 
504 |a Includes bibliographical references and index 
520 |a "Bailouts and a Balanced Economy: A New History of the American State, 1913-1939 shows that the kinds of bailouts that inspired such popular fury during the 2008 financial crisis emerged from a long history of government support for the financial sector, most especially for banks making mortgages. Glock argues that a central goal of the American government in the early 20th century, from the Progressive Era through the New Deal, was to encourage new and riskier types of bank loans through government guarantees. He shows that the Great Depression led the government to act on its earliest promises and provide billions of dollars of bailouts to insolvent banks, even while it extended support to an ever greater proportion of banks and financiers. The book thus argues that the most significant and extensive government safety net that emerged from the first half of the twentieth century was the safety net protecting banks and lenders, especially those making long-term mortgages. The recent bailouts were only the culmination of these earlier reforms. The book explains that these government guarantees emerged from the combination of a new ideology and a new alliance of interest groups. The ideology declared it the duty of the government ensure a "balanced economy" between all productive sectors. In this conception, the government needed to act as a sort of fulcrum, bolstering any economic sector, such as agriculture, that fell behind. Without focused financial support for these sectors, the ideology argued, the economy risked falling "out of balance," or into "unbalanced growth," which could end in depression or disaster. Throughout the book, Glock shows how recovering this concept can help us make sense of the decisions and actions of policy makers during this crucial time"--  |c Provided by publisher 
505 0 |a Introduction -- Making the Land Liquid: The Roots of Land Banking -- The Special Privileges of the Federal Banks -- The Federal Land Banks and Financial Distress, 1916-1926 -- Falling Prices and Mortgage Crisis, 1926-1933 -- Herbert Hoover and the Urban Mortgage Crisis in the Great Depression -- A New Deal for Farm Mortgages -- Housing, Heavy Industry, and the Forgotten New Deal Banking Act -- An Economy Balanced by Mortgages -- Conclusion 
588 0 |a Online resource; title from PDF title page (ProQuest Ebook Central, viewed on February 23, 2021) 
590 |a JSTOR  |b Books at JSTOR All Purchased 
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650 0 |a Mortgages  |z United States  |x History  |y 20th century. 
650 0 |a Farm mortgages  |z United States  |x History  |y 20th century. 
650 0 |a Mortgage banks  |z United States  |x History  |y 20th century. 
650 0 |a Bailouts (Government policy)  |z United States  |x History  |y 20th century. 
650 0 |a Loans  |z United States  |x Government guaranty  |x History  |y 20th century. 
651 0 |a United States  |x Economic policy. 
650 6 |a Hypothèques  |z États-Unis  |x Histoire  |y 20e siècle. 
650 6 |a Hypothèques agricoles  |z États-Unis  |x Histoire  |y 20e siècle. 
650 6 |a Renflouement (Finances)  |z États-Unis  |x Histoire  |y 20e siècle. 
650 6 |a Prêts garantis par l'État  |z États-Unis  |x Histoire  |y 20e siècle. 
651 6 |a États-Unis  |x Politique économique. 
650 6 |a Livres numériques. 
650 7 |a e-books.  |2 aat 
650 7 |a HISTORY  |z United States  |y 20th Century.  |2 bisacsh 
650 7 |a Bailouts (Government policy)  |2 fast  |0 (OCoLC)fst01776826 
650 7 |a Economic policy  |2 fast  |0 (OCoLC)fst00902025 
650 7 |a Farm mortgages  |2 fast  |0 (OCoLC)fst00921147 
650 7 |a Loans  |x Government guaranty  |2 fast  |0 (OCoLC)fst01001052 
650 7 |a Mortgage banks  |2 fast  |0 (OCoLC)fst01026553 
650 7 |a Mortgages  |2 fast  |0 (OCoLC)fst01026642 
651 7 |a United States  |2 fast  |0 (OCoLC)fst01204155 
648 7 |a 1900-1999  |2 fast 
655 7 |a History  |2 fast  |0 (OCoLC)fst01411628 
776 0 8 |i Print version:  |a Glock, Judge.  |t Dead pledge.  |d New York : Columbia University Press, [2021]  |z 9780231192521  |w (DLC) 2020039985  |w (OCoLC)1195817726 
830 0 |a Columbia studies in the history of U.S. capitalism. 
856 4 0 |u https://jstor.uam.elogim.com/stable/10.7312/gloc19252  |z Texto completo 
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