A Bankruptcy History of the United States
234 Pages Posted: 24 Apr 2020 Last revised: 18 Jan 2021
Date Written: May 25, 2020
Fraud and irrationality are often blamed for financial manias and panics. Investor euphoria can unleash social and technological breakthroughs, but the subsequent failures can destroy value and radicalize the political sphere. Are these events random, idiosyncratic, or driven by some force? The ex-post answers—be they monetary, criminal, or international contagion—have a profound impact on the role of government in society, but have questionable predictive power.
Keywords: Bankruptcy, Business and Securities Law, Financial Crisis, Mania, Panic, Credit, Credit Law, Debt
JEL Classification: K35, K22, N21, N22, N11, N12, N41, N42, P12
Suggested Citation: Suggested Citation