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Sto caricando le informazioni... Building Home: Howard F. Ahmanson and The Politics of the American Dreamdi Eric John Abrahamson
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Building Home is an innovative biography that weaves together three engrossing stories. It is one part corporate and industrial history, using the evolution of mortgage finance as a way to understand larger dynamics in the nation's political economy. It is another part urban history, since the extraordinary success of the savings and loan business in Los Angeles reflects much of the cultural and economic history of Southern California. Finally, it is a personal story, a biography of one of the nation's most successful entrepreneurs of the managed economy -Howard Fieldstad Ahmanson. Eric John Abrahamson deftly connects these three strands as he chronicles Ahmanson's rise against the background of the postwar housing boom and the growth of L.A. during the same period. As a sun-tanned yachtsman and a cigar-smoking financier, the Omaha-born Ahmanson was both unique and representative of many of the business leaders of his era. He did not control a vast infrastructure like a railroad or an electrical utility. Nor did he build his wealth by pulling the financial levers that made possible these great corporate endeavors. Instead, he made a fortune by enabling the middle-class American dream. With his great wealth, he contributed substantially to the expansion of the cultural institutions in L.A. As we struggle to understand the current mortgage-led financial crisis, Ahmanson's life offers powerful insights into an era when the widespread hope of homeownership was just beginning to take shape. Non sono state trovate descrizioni di biblioteche |
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Google Books — Sto caricando le informazioni... GeneriSistema Decimale Melvil (DDC)332.3Social sciences Economics Finance Loan institutes and special loansClassificazione LCVotoMedia:
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From somewhat lackluster beginnings in Nebraska, he followed the business life of his father with intense interest. Her started a brokerage account at twelve and soon learned the ins and outs of the stock market, often anticipating movements in the economy. When family health conditions forced him to move out to Los Angeles, he set up a lucrative insurance business, partnering with banks to help them insure foreclosed properties. By having his ear to both the stock and housing markets, he was able to anticipate the Great Depression and come out the other side unscathed. In his later years, he was a heavy influence on the cultural life of Los Angeles, helping to increase its presence in the science research landscape.
It actually amazed me that a book about an insurance salesman would be this interesting. Abrahamson manages to impart the complexity of the insurance market of the mid-20th century with great skill. Following each of Ahmanson’s various ventures is a veritable clinic on how to effective manage a business. From lowly agent to head of several companies and a member of corporate boards, we see the rise of the savvy businessman who understood that hard work and a lot of leg work can ultimately bring about big rewards. A seemingly mundane but engaging book. ( )