About This Book
This 1939 book deals with consumer credit – particularly, it examines the consumer as a determining factor in economic events through quantitative aspects of consumer credit. It includes year-end estimates of the outstanding amounts of various types of consumer credit covering the period from 1923 to 1937 and it attempts to interpret the influence of expansions and contractions of the aggregate indebtedness of consumers upon the total flow of goods and services which constitute the real national income. It includes a history of consumer credit from before the Civil War to the twentieth century.
Rolf Nugent was director of the Department of Consumer Credit Studies at the Russell Sage Foundation.