Call Boomerang Books 1300 36 33 32

Description - A Culture of Credit by Rowena Olegario

In the growing and dynamic economy of 19th Century America, businesses sold vast quantities of goods to one another, mostly on credit. This book explains how business people solved the problem of whom to trust - how they determined who was deserving of credit, and for how much. In the process, a business system based largely on information circulating through personal networks became dependent on more formalised methods and institutions. First to appear in the 1830s was the credit reporting agency, whose pioneers included the abolitionist Lewis Tappan, and businessmen John Bradstreet and Robert G. Dun (whose firms merged in 1933 to form Dun & Bradstreet). Later, groups of business creditors formed interchanges and bureaus to share information on their customers' payment records. In 1896, the National Association of Credit Men was established, and by 1920, credit men had established both a national credit information clearinghouse and a bureau for American exporters. These developments forced American businesses, large and small, to make their financial situations more transparent to creditors and credit reporting firms. Rowena Olegario traces the way resistance, mutual suspicion, scepticism, and legal challenges were overcome in the relentless quest to make information on business borrowers more accurate and available.

Buy A Culture of Credit by Rowena Olegario from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780674023406
ISBN-10: 0674023404
Format: Hardback
(235mm x 155mm x 17mm)
Pages: 288
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 31-Oct-2006
Country of Publication: United States

Book Reviews - A Culture of Credit by Rowena Olegario

» Have you read this book? We'd like to know what you think about it - write a review about Culture of Credit book by Rowena Olegario and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Author Biography - Rowena Olegario

Rowena Olegario is Assistant Professor of History at Vanderbilt University.

Books By Rowena Olegario

Engine of Enterprise by Rowena Olegario
Hardback, February 2016
$69.30