A political history of the rise and fall of American debt relief. Americans have a long history with debt. They also have a long history of mobilizing for debt relief. Throughout the nineteenth century, indebted citizens demanded government protection from their financial burdens, challenging readings of the Constitution that exalted property rights at the expense of the vulnerable. Their appeals shaped the country’s periodic experiments with state debt relief and federal bankruptcy law, constituting a pre-industrial safety net. Yet, the twentieth century saw the erosion of debtor politics and the eventual retrenchment of bankruptcy protections. The Political Development of American Debt Relief (U Chicago Press, 2024) traces how geographic, sectoral, and racial politics shaped debtor activism over time, enhancing our understanding of state-building, constitutionalism, and social policy.
Emily Zackin is Associate Professor in the Department of Political Science at Johns Hopkins University. Her first book was Looking for Rights in All the Wrong Places: Why State Constitutions Contain America’s Positive Rights (Princeton UP, 2013).
Chloe Thurston is Associate Professor in the Department of Political Science at Northwestern University. Her first book was At the Boundaries of Homeownership: Credit, Discrimination and the American State (Cambridge UP, 2018).
Host Ursula Hackett is Reader in Politics at Royal Holloway, University of London. Her first book was America's Voucher Politics: How Elites Learned to Hide the State (Cambridge UP, 2020).
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Emily Zackin and Chloe N. Thurston, "The Political Development of American Debt Relief" (U Chicago Press, 2024) | New Books in Economic and Business History podcast - Listen or read transcript on Metacast
