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Fraud: An American History from Barnum to Madoff
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Fraud reminds us that American capitalism rests on an uneasy foundation of social trust.
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- A comprehensive history of fraud in America, from the early nineteenth century to the subprime mortgage crisisIn America, fraud has always been a key feature of business, and the national worship of entrepreneurial freedom complicates the task of distinguishing salesmanship from deceit. In this sweeping narrative, Edward Balleisen traces the history of fraud in America―and the evolving efforts to combat it―from the age of P. T. Barnum through the eras of Charles Ponzi and Bernie Madoff. This unprecedented account describes the slow, piecemeal construction of modern institutions to protect consumers and investors―from the Gilded Age through the New Deal and the Great Society. It concludes with the more recent era of deregulation, which has brought with it a spate of costly frauds, including corporate accounting scandals and the mortgage-marketing debacle. By tracing how Americans have struggled to foster a vibrant economy without encouraging a corrosive level of cheating, Fraud reminds us that American capitalism rests on an uneasy foundation of social trust.
| Publisher | Princeton University Press |
| Publication date | December 18, 2018 |
| Edition | Reprint |
| Language | English |
| Print length | 494 pages |
| ISBN-10 | 0691183074 |
| ISBN-13 | 978-0691183077 |
| Item Weight | 1.45 pounds (660 grams) |
| Dimensions | 5.75 x 1.25 x 9 inches (14.6 x 3.2 x 22.9 cm) |
Who Should Buy?
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History Enthusiasts
Readers interested in American history will appreciate the exploration of societal attitudes toward fraud through the years.
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Business Professionals
Professionals in finance or business can gain insights into the historical context and impacts of fraud on industries.
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Legal Scholars
Those studying law can benefit from understanding how fraud has shaped legal frameworks and public policy over time.
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Casual Readers
Individuals looking for light fiction or easy-to-read material may find this in-depth historical account too dense.
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Ethics Editorial Review
Fraud: An American History from Barnum to Madoff is an in-depth historical account of fraud in America from the 19th century through the Great Society era. The slow evolution of the regulation of financial institutions, Consumer protection and government responses to creative scam artists is documented in painstaking detail, making it of great interest to those in legal fields. The author’s engaging format makes it a good read for anyone interested in tales of deception and trickery.
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Pros
- Thoroughly researched historical account of fraud in America from the 19th century through the Great Society era
- Engaging format for those interested in tales of deception and trickery
Cons
- More focused on the development of laws and regulations intended to prevent fraud
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Features & Benefits
- Comprehensive history of fraud in America from the early 19th century to modern times.
- Explores the fine line between salesmanship and deceit in American business culture.
- Describes efforts to combat fraud from P.T. Barnum to Bernie Madoff.
- Highlights the evolution of consumer and investor protection institutions.
- Discusses the impact of deregulation and recent costly frauds.
- Emphasizes the importance of social trust in American capitalism.
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