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008 210830t20122012mau fo d z eng d
019 _a(OCoLC)840441463
020 _a9780674047488
_qprint
020 _a9780674067202
_qPDF
024 7 _a10.4159/harvard.9780674067202
_2doi
035 _a(DE-B1597)9780674067202
035 _a(DE-B1597)178037
035 _a(OCoLC)815281403
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHC105
_b.L48 2012eb
072 7 _aBUS023000
_2bisacsh
082 0 4 _a330.12/2097309034
_223
084 _aonline - DeGruyter
100 1 _aLevy, Jonathan
_eautore
245 1 0 _aFreaks of Fortune :
_bThe Emerging World of Capitalism and Risk in America /
_cJonathan Levy.
264 1 _aCambridge, MA :
_bHarvard University Press,
_c[2012]
264 4 _c©2012
300 _a1 online resource (360 p.) :
_b5 tables
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tPrologue: Voyage --
_tChapter 1. The Assumption of Risk --
_tChapter 2. The Perils of the Seas --
_tChapter 3. The Actuarial Science of Freedom --
_tChapter 4. The Failure of the Freedman's Bank --
_tChapter 5. Betting the Farm --
_tChapter 6. Fraternity in the Age of Capital --
_tChapter 7. Trading the Future --
_tChapter 8. The Trust Question --
_tEpilogue: Freaks of Fortune --
_tAppendix: Tables --
_tNotes --
_tAcknowledgments --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _a
520 _aUntil the early nineteenth century, "risk" was a specialized term: it was the commodity exchanged in a marine insurance contract. Freaks of Fortune tells the story of how the modern concept of risk emerged in the United States. Born on the high seas, risk migrated inland and became essential to the financial management of an inherently uncertain capitalist future. Focusing on the hopes and anxieties of ordinary people, Jonathan Levy shows how risk developed through the extraordinary growth of new financial institutions-insurance corporations, savings banks, mortgage-backed securities markets, commodities futures markets, and securities markets-while posing inescapable moral questions. For at the heart of risk's rise was a new vision of freedom. To be a free individual, whether an emancipated slave, a plains farmer, or a Wall Street financier, was to take, assume, and manage one's own personal risk. Yet this often meant offloading that same risk onto a series of new financial institutions, which together have only recently acquired the name "financial services industry." Levy traces the fate of a new vision of personal freedom, as it unfolded in the new economic reality created by the American financial system. Amid the nineteenth-century's waning faith in God's providence, Americans increasingly confronted unanticipated challenges to their independence and security in the boom and bust chance-world of capitalism. Freaks of Fortune is one of the first books to excavate the historical origins of our own financialized times and risk-defined lives.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aCapitalism
_zUnited States
_xHistory
_y19th century.
650 0 _aRisk
_xSociological aspects
_xHistory
_y19th century.
650 0 _aRisk-taking (Psychology)
_zUnited States
_xHistory
_y19th century.
650 7 _aBUSINESS & ECONOMICS / Economic History.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.4159/harvard.9780674067202
856 4 0 _uhttps://www.degruyter.com/isbn/9780674067202
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9780674067202.jpg
942 _cEB
999 _c190347
_d190347