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Books > History > History of specific subjects > Economic history
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In Hock (Paperback)
Loot Price: R881
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In Hock (Paperback)
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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 A. 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 Hock" is both a first-rate academic study of a
largely ignored facet of the capitalist economy and a resonant
portrait of the economic struggles of generations of Americans.
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