From buildings and loans to bail-outs : a history of the American savings and loan industry, 1831-1995 / David L. Mason.

Format:

Book

Author/Creator:

Mason, David Lawrence, author.

Language:

English

Subjects (All):

Savings and loan associations--United States--History.

Savings and loan associations.

Savings and loan association failures--United States--History.

Savings and loan association failures.

Physical Description:

1 online resource (xii, 349 pages) : digital, PDF file(s).

Edition:

1st ed.

Other Title:

From Buildings & Loans to Bail-Outs

Place of Publication:

Cambridge : Cambridge University Press, 2004.

Language Note:

English

Summary:

For most Americans, the savings and loan industry is defined by the fraud, ineptitude and failures of the 1980s. However, these events overshadow a long history in which thrifts played a key role in helping thousands of households buy homes. First appearing in the 1830s savings and loans, then known as building and loans, encourage their working-class members to adhere to the principles of thrift and mutual co-operation as a way to achieve the 'American Dream' of home ownership. This book traces the development of this industry from its origins as a movement of a loosely affiliated collection of institutions into a major element of America's financial markets. It also analyses how diverse groups of Americans, including women, ethnic Americans and African Americans, used thrifts to improve their lives and elevate their positions in society. Finally the overall historical perspective sheds new light on the events of the 1980s and analyses the efforts to rehabilitate the industry in the 1990s.

Contents:

A movement takes shape, 1831-1899

The rise of the league, 1900-1929

From state to federal oversight

The movement becomes an industry, 1930-1945

The glory years, 1946-1955

External challenges and internal divisions, 1956-1966

Lost opportunities, 1967-1979

Deregulation and disaster, 1979-1988

Resolving the crisis, restoring the confidence, 1989-1995

The American savings and loan industry in perspective.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliography and index.

ISBN:

1-107-14727-1

1-280-54048-6

0-511-21525-8

0-511-21704-8

0-511-21167-8

0-511-31568-6

0-511-51171-X

0-511-21344-1

OCLC:

171139109