Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control by Vanatta, Sean H.
Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control by Vanatta, Sean H.

Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control

How bankers created the modern consumer credit economy and destroyed financial stability in the process American households...
$99.10 AUD
$99.10 AUD
SKU: 9780300247343
Product Type: Books
Please hurry! Only 0 left in stock
Author: Sean H. Vanatta
Format: Hardcover
Language: English
Subtotal: $99.10
10 customers are viewing this product
Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control by Vanatta, Sean H.

Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control

$99.10
Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control by Vanatta, Sean H.

Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control

$99.10
Author: Sean H. Vanatta
Format: Hardcover
Language: English
Description
How bankers created the modern consumer credit economy and destroyed financial stability in the process

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.

Author: Sean H. Vanatta
Publisher: Yale University Press
Published: 05/21/2024
Pages: 416
Binding Type: Hardcover
Weight: 1.69lbs
Size: 9.48h x 6.51w x 1.10d
ISBN: 9780300247343

About the Author
Sean H. Vanatta is a lecturer in economic and social history at the University of Glasgow and a senior fellow at the Wharton Initiative on Financial Policy and Regulation at the University of Pennsylvania. He lives in Glasgow, Scotland.
Shipping & Return

Returns Policy

You may return most new, unopened items within 30 days of delivery for a full refund. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.).

You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days).

If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. We'll notify you via e-mail of your refund once we've received and processed the returned item.

Shipping

We can ship to virtually any address in the world. Note that there are restrictions on some products, and some products cannot be shipped to international destinations.

When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page.

Please also note that the shipping rates for many items we sell are weight-based. The weight of any such item can be found on its detail page. To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.

Review

Related Products

Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD
Example product title
$99.10 AUD
$99.10 AUD

Recently Viewed Products