From buildings and loans to bailt-outs
a history of the american savings and loan industry, 1831-1995
- ISBN: 9780521827546
- Editorial: Cambridge University Press
- Fecha de la edición: 2004
- Lugar de la edición: Cambridge. Reino Unido
- Encuadernación: Cartoné
- Medidas: 24 cm
- Nº Pág.: 349
- Idiomas: Inglés
For most Americans, the savings and loan industry is defined by the fraud, ineptitude, and failures of the 1980s. These events, however, overshadow a long history in which thrifts played a key role in helping thousands of households buy homes. First appearing in the 1830s, savings and loans, then known as building and loans, encouraged their working- class members to adhere to the principles of thrift and mutual cooperation as a way to achieve the #American Dream# of home ownership. This book traces the development of this industry, from its origins as a movement of loosely affiliated collection of institutions, into a major element of America#s financial markets. It also analyses how diverse groups of Americans, including women, ethnic-Americans, and African- Americans, used thrifts to improve their lives and elevate their positions in society. The book ends with an analysis of the efforts to rehabilitate the industry in the 1990s.