In Hock: Pawning in America from Independence Through the Great Depression

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Focusing on the historical significance of pawnshops in the U.S., the book reveals their crucial role in the development of capitalism, particularly for the working poor who relied on pawning to survive. It challenges negative perceptions perpetuated by businessmen and cultural critics, highlighting the complexity of pawnbrokers as savvy entrepreneurs from modest backgrounds. Through a wealth of archival materials, the author offers an insightful exploration of a misunderstood institution, shedding light on the economic challenges faced by many Americans throughout history.