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Building Home - Howard F. Ahmanson and the Politics of the American Dream (Hardcover)
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Building Home - Howard F. Ahmanson and the Politics of the American Dream (Hardcover)
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"Building Home" is an innovative biography that weaves together
three engrossing stories. It is one part corporate and industrial
history, using the evolution of mortgage finance as a way to
understand larger dynamics in the nation's political economy. It is
another part urban history, since the extraordinary success of the
savings and loan business in Los Angeles reflects much of the
cultural and economic history of Southern California. "Finally, it
is a personal story, a biography of one of the nation's most
successful entrepreneurs of the managed economy". (Howard Fieldstad
Ahmanson). Eric John Abrahamson deftly connects these three strands
as he chronicles Ahmanson's rise against the background of the
postwar housing boom and the growth of L.A. during the same period.
As a sun-tanned yachtsman and a cigar-smoking financier, the
Omaha-born Ahmanson was both unique and representative of many of
the business leaders of his era. He did not control a vast
infrastructure like a railroad or an electrical utility. Nor did he
build his wealth by pulling the financial levers that made possible
these great corporate endeavors. Instead, he made a fortune by
enabling the middle-class American dream. With his great wealth, he
contributed substantially to the expansion of the cultural
institutions in L.A. As we struggle to understand the current
mortgage-led financial crisis, Ahmanson's life offers powerful
insights into an era when the widespread hope of homeownership was
just beginning to take shape.
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