Loan Sharks

Discover the intriguing history of predatory lending in the United States with Loan Sharks by Charles R. Geisst. Published by Bloomsbury Publishing Plc in 2017, this enlightening hardback spans 272 pages, meticulously tracing the evolution of modern consumer lending from its roots in salary buying and hidden interest charges. Geisst expertly reveals that the practices of loan sharking are far from obsolete; many contemporary lending methods would have been instantly familiar to those living in the late nineteenth century. This compelling exploration not only highlights the historical context of usury but also sheds light on the ongoing challenges consumers face in the finance world today. Perfect for anyone interested in finance, history, or consumer rights, Loan Sharks is an essential read that provides valuable insights into the complexities of borrowing and lending in America.