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The Dead Pledge : The Origins of the Mortgage Market and Federal Bailouts, 1913-1939. モーゲージ市場と連邦の緊急援助の起源 1913～39年
・ISBN 978-0-231-19252-1 hard US$ 145.00
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お気に入り
★★★
・ISBN 978-0-231-19253-8 paper US$ 35.00
￥8,200.- (税込) ※（※）価格はご注文時の参考価格となります。
納品価格につきましては書籍の入荷時点で確定となります。
版元の原価改定、外国為替の変動等により異なる場合がございますので、予めご了承下さい。
お気に入り
★★★
| 著者・編者 | Glock, Judge, |
|---|---|
| シリーズ | Columbia Studies in the History of U.S. Capitalism |
| 出版社 | (Columbia U. Pr., US) |
| 出版年月 | 2021 |
| ページ数 | 304 pp. |
| 言語 | ENG |
| ニュース番号 | ＜662-555 662-P1798＞ |
解説
The American government today supports a financial system based on mortgage lending, and it often bails out the financial institutions making these mortgages. The Dead Pledge reveals the surprising origins of American mortgages and American bailouts in policies dating back to the early twentieth century.
Judge Glock shows that the federal government began subsidizing mortgages in order to help lagging sectors of the economy, such as farming and construction. In order to encourage mortgage lending, the government also extended unprecedented assistance to banks. During the Great Depression, the federal government made new mortgage lending and bank bailouts the centerpiece of its recovery program. Both the Herbert Hoover and Franklin Roosevelt administrations created semipublic financial institutions, such as Fannie Mae, to provide cheap, tradable mortgages, and they extended guarantees to more banks and financiers. Ultimately, Glock argues, the desire to protect the financial system took precedence over the desire to help lagging parts of the economy, and the government became ever more tied into the financial world.
The Dead Pledge recasts twentieth-century economic, financial, and political history and demonstrates why the greatest "safety net" created in this era was the one supporting finance.
Judge Glock shows that the federal government began subsidizing mortgages in order to help lagging sectors of the economy, such as farming and construction. In order to encourage mortgage lending, the government also extended unprecedented assistance to banks. During the Great Depression, the federal government made new mortgage lending and bank bailouts the centerpiece of its recovery program. Both the Herbert Hoover and Franklin Roosevelt administrations created semipublic financial institutions, such as Fannie Mae, to provide cheap, tradable mortgages, and they extended guarantees to more banks and financiers. Ultimately, Glock argues, the desire to protect the financial system took precedence over the desire to help lagging parts of the economy, and the government became ever more tied into the financial world.
The Dead Pledge recasts twentieth-century economic, financial, and political history and demonstrates why the greatest "safety net" created in this era was the one supporting finance.