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Loan Sharks: The Birth of Predatory Lending

Charles R. Geisst




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 | #364288 in eBooks |  2017-04-04 |  2017-04-04 | File type: PDF

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Loan Sharks recounts the fascinating history of America’s undeclared and ill-defined war on usury and loan sharking from the late nineteenth century through the Great Depression. Geisst gives us a well-documented intellectual history of the s

Predatory lending: A problem rooted in the past that continues today.

Looking for an investment return that could exceed 500 percent annually; maybe even twice that much?

Private, unregulated lending to high-risk borrowers is the answer, or at least it was in the United States for much of the period from the Civil War to the onset of the early decades of the twentieth century. Newspapers called the practice “loan sharking” because lenders...

You easily download any file type for your gadget.Loan Sharks: The Birth of Predatory Lending   |  Charles R. Geisst.Not only was the story interesting, engaging and relatable, it also teaches lessons.

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