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The Political Development of American Debt Relief

Author : Emily Zackin

Publisher : University of Chicago Press

Page : 248 pages

File Size : 29,59 MB

Release : 2024

Category : Business & Economics

ISBN : 0226832376

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Book Description

"This book is about why debt relief was a salient political issue for so long and why it then ceased to be one. It is also about the United States' constitutional tradition, and the contradictions it embodies. Tracing the geographic, sectoral, and racial politics of debt relief over time--and examining the roles that social movements, interest groups, and constitutional interpretation played--Emily Zackin and Chloe N. Thurston show how the politics of debt relief has interacted with race and other social hierarchies that have conditioned both state action and debtors' opportunities to mobilize. Although the twentieth and early twenty-first century saw the erosion of debt protection, history reminds us that Americans once mounted large-scale grassroots campaigns for debt relief. These activists made radical claims about economic justice, and they reshaped constitutional law and the American state"--



The Political Development of American Debt Relief

Author : Emily Zackin

Publisher : University of Chicago Press

Page : 248 pages

File Size : 31,7 MB

Release : 2024-06-07

Category : Political Science

ISBN : 0226832368

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Book Description

A political history of the rise and fall of American debt relief. Americans have a long history with debt. They also have a long history of mobilizing for debt relief. Throughout the nineteenth century, indebted citizens demanded government protection from their financial burdens, challenging readings of the Constitution that exalted property rights at the expense of the vulnerable. Their appeals shaped the country’s periodic experiments with state debt relief and federal bankruptcy law, constituting a pre-industrial safety net. Yet, the twentieth century saw the erosion of debtor politics and the eventual retrenchment of bankruptcy protections. The Political Development of American Debt Relief traces how geographic, sectoral, and racial politics shaped debtor activism over time, enhancing our understanding of state-building, constitutionalism, and social policy.



The American Political Economy

Author : Jacob S. Hacker

Publisher : Cambridge University Press

Page : 487 pages

File Size : 20,33 MB

Release : 2021-11-11

Category : History

ISBN : 1316516369

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Book Description

Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.



Democracy Declined

Author : Mallory E. SoRelle

Publisher : University of Chicago Press

Page : 302 pages

File Size : 34,8 MB

Release : 2020-12-14

Category : Political Science

ISBN : 022671182X

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Book Description

As Elizabeth Warren memorably wrote, “It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible to refinance an existing home with a mortgage that has the same one-in-five chance of putting the family out on the street.” More than a century after the government embraced credit to fuel the American economy, consumer financial protections in the increasingly complex financial system still place the onus on individuals to sift through fine print for assurance that they are not vulnerable to predatory lending and other pitfalls of consumer financing and growing debt. In Democracy Declined, Mallory E. SoRelle argues that the failure of federal policy makers to curb risky practices can be explained by the evolution of consumer finance policies aimed at encouraging easy credit in part by foregoing more stringent regulation. Furthermore, SoRelle explains how angry borrowers’ experiences with these policies teach them to focus their attention primarily on banks and lenders instead of demanding that lawmakers address predatory behavior. As a result, advocacy groups have been mostly unsuccessful in mobilizing borrowers in support of stronger consumer financial protections. The absence of safeguards on consumer financing is particularly dangerous because the consequences extend well beyond harm to individuals—they threaten the stability of entire economies. SoRelle identifies pathways to mitigate these potentially disastrous consequences through greater public participation.



American Default

Author : Sebastian Edwards

Publisher : Princeton University Press

Page : 288 pages

File Size : 18,60 MB

Release : 2019-09-10

Category : Business & Economics

ISBN : 0691196044

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Book Description

The untold story of how FDR did the unthinkable to save the American economy.





At the Boundaries of Homeownership

Author : Chloe N. Thurston

Publisher : Cambridge University Press

Page : 276 pages

File Size : 22,14 MB

Release : 2018-05-03

Category : Political Science

ISBN : 1108390145

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Book Description

In the United States, homeownership is synonymous with economic security and middle-class status. It has played this role in American life for almost a century, and as a result, homeownership's centrality to Americans' economic lives has come to seem natural and inevitable. But this state of affairs did not develop spontaneously or inexorably. On the contrary, it was the product of federal government policies, established during the 1930s and developed over the course of the twentieth century. At the Boundaries of Homeownership traces how the government's role in this became submerged from public view and how several groups who were locked out of homeownership came to recognize and reveal the role of the government. Through organizing and activism, these boundary groups transformed laws and private practices governing determinations of credit-worthiness. This book describes the important policy consequences of their achievements and the implications for how we understand American statebuilding.



American Political Development and the Trump Presidency

Author : Zachary Callen

Publisher : University of Pennsylvania Press

Page : 264 pages

File Size : 20,25 MB

Release : 2020-04-10

Category : Political Science

ISBN : 081225208X

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Book Description

Leading political scientists analyze the presidency of Donald Trump and its impact on the future of American politics In virtually all respects, the Trump presidency has disrupted patterns of presidential governance. However, does Trump signify a disruption, not merely in political style but in regime type in the United States? Assessing Trump's potential impact on democratic institutions requires an analysis of how these institutions—including especially the executive branch—have developed over time as well as an examination of the intersecting evolution of political parties, racial ideologies, and governing mechanisms. To explore how time and temporality have shaped the Trump presidency, editors Zachary Callen and Philip Rocco have brought together scholars in the research tradition of American political development (APD), which explicitly aims to consider how interactions between a range of institutions result in the shifting of power and authority in American politics, with careful attention paid to complex processes unfolding over time. By focusing on the factors that contribute to both continuity and change in American politics, APD is ideally situated to take a long view and help make sense of the Trump presidency. American Political Development and the Trump Presidency features contributions by leading political scientists grappling with the reasons why Donald Trump was elected and the meaning of his presidency for the future of American politics. Taking a historical and comparative approach—instead of viewing Trump's election as a singular moment in American politics—the essays here consider how Trump's election coincides with larger changes in democratic ideals, institutional structures, long-standing biases, and demographic trends. The Trump presidency, as this volume demonstrates, emerged from a gradual unsettling of ideational and institutional lineages. In turn, these essays consider how Trump's disruptive style of governance may further unsettle the formal and informal rules of American political life. Contributors: William D. Adler, Gwendoline Alphonso, Julia R. Azari, Zachary Callen, Megan Ming Francis, Daniel J. Galvin, Travis M. Johnston, Andrew S. Kelly, Robert C. Lieberman, Paul Nolette, Philip Rocco, Adam Sheingate, Chloe Thurston.



Delivering on Debt Relief

Author : Nancy Birdsall

Publisher : Columbia University Press

Page : 179 pages

File Size : 46,15 MB

Release : 2002-04-17

Category : Business & Economics

ISBN : 0881324450

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Book Description

This study brings readers up to date on the complicated and controversial subject of debt relief for the poorest countries of the world. What has actually been achieved? Has debt relief provided truly additional resources to fight poverty? How will the design and timing of the "enhanced Heavily Indebted Poor Country (HIPC) initiative" affect the development prospects of the world's poorest countries and their people? The study then moves on to address several broader policy questions: Is debt relief a step toward more efficient and equitable government spending, building better institutions, and attracting productive private investment in the poorest countries? Who pays for debt relief? Is there a case for further relief? Most important, how can the case for debt relief be sustained in a broader effort to combat poverty in the poorest countries?



Why Not Default?

Author : Jerome E. Roos

Publisher : Princeton University Press

Page : 413 pages

File Size : 11,14 MB

Release : 2019-02-12

Category : Business & Economics

ISBN : 0691184933

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Book Description

How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.