From buildings and loans to bail-outs : a history of the American savings and loan industry, 1831-1995 / David L. Mason.
"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 cooperation as a way to achieve the "American Dream" of home ownership. This book traces the development of this i...
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| Format: | Book |
| Language: | English |
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Cambridge ; New York :
Cambridge University Press,
2004.
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| Online Access: | Sample text |
| Summary: | "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 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 a loosely affiliated collection of institutions into a major element of America's financial markets. It also analyzes 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 analyzes the efforts to rehabilitate the industry in the 1990s."--BOOK JACKET. |
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| Physical Description: | xii, 349 pages ; 24 cm |
| ISBN: | 052182754X 9780521827546 |