From Buildings and Loans to Bail-Outs

Erscheinungsjahr 2015
ISBN: 978-0-521-82754-6
Verlag: Cambridge University Press

Buch, Englisch, 362 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 738 g

For most Americans, the savings and loan industry is defined by the fraud, ineptitude and failures of the 1980s. However, these events 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, encourage their working-class members to adhere to the principles of thrift and mutual co-operation 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 a 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. Finally the overall historical perspective sheds new light on the events of the 1980s and analyses the efforts to rehabilitate the industry in the 1990s.

Autoren/Hrsg.

Mason, David L.

Fachgebiete

• Geisteswissenschaften Geschichtswissenschaft Weltgeschichte & Geschichte einzelner Länder und Gebietsräume Geschichte einzelner Länder Amerikanische Geschichte
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft

Inhaltsverzeichnis

Introduction; 1. A Movement Takes Shape 1831-1899; 2. The Rise of the League 1900-1929; 3. From State to Federal Oversight; 4. The Movement becomes an Industry 1930-1945; 5. The Glory Years 1946-1955; 6. External Challenges and Internal Divisions 1956-1966; 7. Lost Opportunities 1967-1979; 8. Deregulation and Disaster 1979-1988; 9. Resolving the Crisis, Restoring the Confidence 1989-1995; 10. The American Savings and Loan Industry in Perspective; Appendices; Bibliography; Index.

Über Autor(innen)

Mason, David L.
David L. Mason is Assistant Professor of History at Young Harris College. Prior to earning his PhD in Business History from Ohio State University, he served as a corporate banker for nearly a decade, holding positions at the Bank of America and the Resolution Trust Corporation. He is also the author of articles for Essays in Economic and Business History and Proceedings of the Ohio Academy of History.