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010 | _a 2023947803 | ||
020 |
_a9780300247343 _q(hardcover : alk. paper) |
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020 |
_a0300247346 _q(hardcover : alk. paper) |
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035 | _a23341057 | ||
035 | _a(OCoLC)1419790256 | ||
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041 | _aeng | ||
042 | _apcc | ||
043 | _an-us--- | ||
050 | 0 | 0 |
_aHG3756.U54 _bV363 2024 |
100 | 1 |
_aVanatta, Sean H., _942974 |
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245 | 1 | 0 |
_aPlastic capitalism : _bbanks, credit cards, and the end of financial control / _cSean H. Vanatta. |
264 | 1 |
_aNew Haven : _bYale University Press, _c[2024] |
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264 | 4 | _c©2024 | |
300 |
_axvii, 393 pages : _billustrations, map ; _c24 cm |
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336 |
_atext _btxt _2rdacontent |
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337 |
_aunmediated _bn _2rdamedia |
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338 |
_avolume _bnc _2rdacarrier |
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504 | _aIncludes bibliographical references (pages 299-362) and index. | ||
505 | 0 | _aPreface: Buying time -- Introduction -- The New Deal regulatory order -- Charge account banking -- Profits squeeze -- Deluge -- Regulating revolving credit -- Confronting cards in Congress -- Risk shifting -- The Marquette decision -- Profits anywhere -- Credit control -- Breakdown. | |
520 |
_a"American households are awash in expensive credit card debt. But where did all this debt come from? In this history of the rise of postwar American finance, Sean H. Vanatta shows how bankers created our credit card economy and, with it, the indebted nation we know today. America's consumer debt machine was not inevitable. In the years after World War II, state and federal regulations ensured that many Americans enjoyed safe banks and inexpensive credit. Bankers, though, grew restless amid restrictive rules that made profits scarce. They experimented with new services and new technologies. They settled on credit cards, and in the 1960s mailed out reams of high-interest plastic to build a debt industry from scratch. In the 1960s and '70s consumers fought back, using federal and state policy to make credit cards safer and more affordable. But bankers found ways to work around local rules. Beginning in 1980, Citibank and its peers relocated their card plans to South Dakota and Delaware, states with the weakest consumer regulations, creating 'on-shore' financial havens and drawing consumers into an exploitative credit economy over which they had little control. We live in the world these bankers made"-- _cProvided by publisher. |
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650 | 0 |
_aConsumer credit _zUnited States. |
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650 | 0 |
_aCredit cards _zUnited States. |
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650 | 0 |
_aFinancial services industry _zUnited States. |
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650 | 6 |
_aCrédit à la consommation _zÉtats-Unis. |
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650 | 6 |
_aCartes de crédit _zÉtats-Unis. |
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650 | 6 |
_aServices financiers _zÉtats-Unis. |
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906 |
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