Legislative Foundations of American Consumer Society : Regulation, Deregulation and Their Impacts from the 1930s to Today.

Format:

Book

Author/Creator:

Sullivan, Bob.

Language:

English

Subjects (All):

Consumption (Economics)--United States--History.

Consumption (Economics).

Consumer behavior--United States--History.

Consumer behavior.

Financial services industry--Deregulation--United States--History.

Financial services industry.

Financial services industry--State supervision--United States--History.

Physical Description:

1 online resource (194 pages)

Other Title:

Legislative Foundations of American Consumer Society

Place of Publication:

Jefferson : McFarland & Company, Incorporated Publishers, 2021.

Summary:

"The current literature on consumerism is diverse, scattered, and unsystematic. This book remedies this by identifying the beginning of mass consumer society in the United States, starting with the New Deal. The New Deal framework of guaranteeing new home purchases by means of low-down payment, fixed-rate home mortgages lasted until the 1970s, at which time the legal framework unraveled due to a sustained attack on New Deal racism. Despite this, American consumerism continued and even flourished without a regulatory structure. This book analyzes seven key pieces of federal legislation which undergird American consumer society to this day"-- Provided by publisher.

"The current literature on consumerism is diverse, scattered, and unsystematic. This book remedies this by identifying the beginning of mass consumer society in the United States, starting with the New Deal. The New Deal framework of guaranteeing new home purchases by means of low down-payment, fixed-rate home mortgages lasted until the 1970s, at which time the legal framework unraveled due to a sustained attack on New Deal racism. Despite this, American consumerism continued and even flourished without a regulatory structure. This book analyzes seven key pieces of federal legislation which undergird American consumer society to this day"-- Provided by publisher.

Contents:

Cover

Preface

Introduction

Part One. The Regulatory Society

1. Democrats and Republicans Before 1932

2. ­Glass-Steagall as Foundational Legislation

3. Joe T. Robinson's Home Owners' Loan Act

4. The 1934 Housing Act and "Red Lining"

5. ­Wagner-Steagall and Public Housing

6. ­Steagall-Wagner and the Creation of "Fannie Mae"

7. The 1945 Amended GI Bill and American Racism

8. African American Exodus and the 1949 Housing Act

9. Explosion! Levittowns and Shopping Malls

Part Two. The Deregulated Society

10. The White Working Class and the "Treaty of Detroit"

11. Brown, Civil Rights and the End of the New Deal

12. The 1970s: New Republicans and Old Democrats

13. Depository Institutions and the Flowering of Bain Capital

14. The Privatized Mortgage Industry of the 2000s

15. From Brooksley Born to Sarbanes-Oxley

16. ­Dodd-Frank and Legislative Approval of Consumer Society

Conclusions: The Consumer Paradise

Chapter Notes

Bibliography

Index.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

1-4766-4405-5

OCLC:

1268517785