Title
Credit and Community: WorkingClass Debt in the UK since 1880,Used
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Credit and Community examines the history of consumer credit and debt in working class communities. Concentrating on forms of credit that were traditionally very dependent on personal relationships and social networks, such as mailorder catalogues and cooperatives, it demonstrates how communitybased arrangements declined as more impersonal forms of borrowing emerged during the twentieth century.Tallymen and check traders moved into doorstep moneylending during the 1960s, but in subsequent decades the loss of their best working class customers, owing to increased spending power and the emergence of a broader range of credit alternatives, forced them to focus on the 'financially excluded'. This 'subprime' market was open for exploitation by unlicensed lenders, and Sean O'Connell offers the first detailed historical investigation of illegal moneylending in the UK, encompassing the 'she usurers' of Edwardian Liverpool and the violent loan sharks of Blair's Britain.O'Connell contrasts such commercial forms of credit with formal and informal cooperative alternatives, such as "diddlum clubs," "partners," and mutuality clubs. He provides the first history of the UK credit unions, revealing the importance of Irish and Caribbean immigrant volunteers, and explains the relative failure of the movement compared with Ireland.Drawing on a wide range of neglected sources, including the archives of consumer credit companies, the records of the cooperative and credit union movements, and government papers, Credit and Community makes a strong contribution to historical understandings of credit and debt. Oral history testimony from both sides of the credit divide is used to telling effect, offering key insights into the complex nature of the relationship between borrowers and lenders.
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- Q: What is the page count of this book? A: This book has three hundred eighteen pages. It provides a comprehensive examination of consumer credit and debt in working-class communities.
- Q: What are the dimensions of the book? A: The book measures eight point six inches in length, one point one inches in width, and five point four inches in height. These dimensions make it a convenient size for reading.
- Q: What type of binding does this book have? A: This book is bound in hardcover. Hardcover bindings are known for their durability and protection of the pages.
- Q: Who is the author of 'Credit and Community'? A: The author of this book is Sean O'Connell. He provides a detailed historical investigation into the topic of consumer credit.
- Q: What genre does this book belong to? A: This book belongs to the Finance genre. It explores the history and dynamics of credit and debt.
- Q: How does the book explore the subject of credit? A: The book examines the history of consumer credit primarily in working-class communities. It details the transition from personal relationships to more impersonal forms of borrowing.
- Q: Is this book suitable for academic study? A: Yes, this book is suitable for academic study. It draws on a wide range of neglected sources and provides insights into credit and debt dynamics.
- Q: What themes are discussed in the book? A: The book discusses themes of consumer credit, community relationships, and the evolution of lending practices over time. It contrasts informal co-operative alternatives with commercial credit forms.
- Q: Is there any oral history included in the book? A: Yes, the book includes oral history testimony from both borrowers and lenders. This adds key insights into their complex relationships.
- Q: How does the author present illegal money-lending? A: The author presents a detailed historical investigation of illegal money-lending in the UK. This includes accounts of 'she usurers' and loan sharks.
- Q: What safety measures are in place for the book's content? A: The content is researched from credible sources and aims to provide a factual historical account. It prioritizes educational value and accuracy.
- Q: How can this book enhance my understanding of finance? A: Reading this book can enhance your understanding of the historical context of credit and debt. It provides insights into the societal impacts of financial practices.
- Q: What is the target audience for 'Credit and Community'? A: The target audience includes students, researchers, and anyone interested in finance and social history. It caters to those seeking a scholarly perspective.
- Q: Can this book be used as a reference for coursework? A: Yes, this book can be used as a reference for coursework. Its thorough research and historical context provide valuable insights for academic purposes.
- Q: What kind of research sources does the author use? A: The author uses a variety of sources, including archives of consumer credit companies and records of co-operative movements. This enriches the narrative with historical depth.