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In Hock
Author: Wendy A. Woloson

ISBN: 9780226905686
Format: Paperback
Number Of Pages: 248
Published: 30 April 2012
Country of Publication: US
Dimensions (cm): 22.9 x 15.2 x 1.8
Description:
The definitive history of pawnbroking in the United States from the nation's founding through the Great Depression,In Hock demonstrates that the pawnshop was essential to the rise of capitalism. The class of working poor created by this economic tide could make ends meet only, Wendy Woloson argues, by regularly pawning household objects to supplement inadequate wages. Nonetheless, businessmen, reformers, and cultural critics claimed that pawnshops promoted vice, and employed anti-Semitic stereotypes to cast their proprietors as greedy and cold-hearted. Using personal correspondence, business records, and other rich archival sources to uncover the truth behind the rhetoric, Woloson brings to life a diverse cast of characters and shows that pawnbrokers were in fact shrewd businessmen, often from humble origins, who possessed sophisticated knowledge of a wide range of goods in various resale markets.     ­      ­ A much-needed new look at a misunderstood institution, In Hockis both a first-rate academic study of a largely ignored facet of the capitalist economy and a resonant portrait of the econom...

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