The American Savings and Loan Industry, 1831-1935

ISBN-13: 9781848933705 / Angielski / Twarda / 2013 / 1552 str.

David L. Mason

Opis

The recent sub-prime mortgage crisis has created a renewed interest in the American savings and loan industry. Modelled on British building societies, savings and loans were cooperative businesses from which their members could borrow long-term mortgages. The popularity of this method of home finance led to the rapid expansion of the industry, and by the end of the nineteenth century more than 5,000 saving and loans were in operation around the country. Despite the long history of the industry and its relevance to recent events, only limited material has been made available to researchers. This primary resource collection fills a significant gap, providing material from a wide variety of sources including pamphlets, journals, book extracts, proceedings and articles from the trade press. All these documents are annotated and set in their historical context. The four thematic volumes show how lack of regulation in the industry led to previous crises but also how it became an instrument for social reform and increased the opportunities for women and ethnic groups. The collection will be of interest to those researching financial history, the banking industry and the economic and social history of America.

O autorze

David L Mason