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From buildings and loans to bail outs PDF

363 Pages·2004·2.341 MB·English
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by David L. Mason| 2004| 363 pages| 2.341| English

About From buildings and loans to bail outs

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.

Detailed Information

Author:David L. Mason
Publication Year:2004
ISBN:9780511217043
Pages:363
Language:English
File Size:2.341
Format:PDF
Price:FREE
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