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020 _a9780691156750
_qprint
020 _a9780691185613
_qPDF
024 7 _a10.1515/9780691185613
_2doi
035 _a(DE-B1597)9780691185613
035 _a(DE-B1597)528102
035 _a(OCoLC)1100588411
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHG3756
072 7 _aPOL028000
_2bisacsh
082 0 4 _a332.70973
_223
084 _aonline - DeGruyter
100 1 _aQuinn, Sarah L.
_eautore
245 1 0 _aAmerican Bonds :
_bHow Credit Markets Shaped a Nation /
_cSarah L. Quinn.
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2019]
264 4 _c©2019
300 _a1 online resource (312 p.) :
_b13 b/w illus. 7 tables.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aPrinceton Studies in American Politics: Historical, International, and Comparative Perspectives ;
_v164
505 0 0 _tFrontmatter --
_tCONTENTS --
_tList of Illustrations --
_tAcknowledgments --
_tAbbreviations --
_t1. The Problem and Promise of Credit in American Life --
_t2. The Credit Frontier --
_t3. Three Failures --
_t4. Credit as a Tool of Statecraft --
_t5. From a Nation of Farmers to a Nation of Homeowners --
_t6. Mortgage Bonds for the Small Investor --
_t7. The Rise of Federal Credit Programs --
_t8. Off-Budget and Decentralized --
_t9. A Return to Securitization --
_t10. What We Owe One Another --
_tNotes --
_tIndex --
_tA NOTE ON THE TYPE
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aHow the American government has long used financial credit programs to create economic opportunitiesFederal housing finance policy and mortgage-backed securities have gained widespread attention in recent years because of the 2008 financial crisis, but issues of government credit have been part of American life since the nation's founding. From the 1780s, when a watershed national land credit policy was established, to the postwar foundations of our current housing finance system, American Bonds examines the evolution of securitization and federal credit programs. Sarah Quinn shows that since the Westward expansion, the U.S. government has used financial markets to manage America's complex social divides, and politicians and officials across the political spectrum have turned to land sales, home ownership, and credit to provide economic opportunity without the appearance of market intervention or direct wealth redistribution.Highly technical systems, securitization, and credit programs have been fundamental to how Americans determined what they could and should owe one another. Over time, government officials embraced credit as a political tool that allowed them to navigate an increasingly complex and fractured political system, affirming the government's role as a consequential and creative market participant. Neither intermittent nor marginal, credit programs supported the growth of powerful industries, from railroads and farms to housing and finance; have been used for disaster relief, foreign policy, and military efforts; and were promoters of amortized mortgages, lending abroad, venture capital investment, and mortgage securitization.Illuminating America's market-heavy social policies, American Bonds illustrates how political institutions became involved in the nation's lending practices.
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 29. Jul 2021)
650 0 _aCredit
_zUnited States
_xHistory.
650 0 _aLoans
_zUnited States
_xHistory.
650 7 _aPOLITICAL SCIENCE / Public Policy / General.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9780691185613?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9780691185613
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9780691185613.jpg
942 _cEB
999 _c194149
_d194149