How Long to Read Loan Sharks

How Long Does it Take to Read Loan Sharks?

It takes the average reader 4 hours and 40 minutes to read Loan Sharks by Charles R. Geisst

Assuming a reading speed of 250 words per minute. Learn more

Description

Predatory lending: A problem rooted in the past that continues today. Looking for an investment return that could exceed 500 percent annually; maybe even twice that much? Private, unregulated lending to high-risk borrowers is the answer, or at least it was in the United States for much of the period from the Civil War to the onset of the early decades of the twentieth century. Newspapers called the practice “loan sharking” because lenders employed the same ruthlessness as the great predators in the ocean. Slowly state and federal governments adopted laws and regulations curtailing the practice, but organized crime continued to operate much of the business. In the end, lending to high-margin investors contributed directly to the Wall Street crash of 1929. Loan Sharks is the first history of predatory lending in the United States. It traces the origins of modern consumer lending to such older practices as salary buying and hidden interest charges. Yet, as Geisst shows, no-holds barred loan sharking is not a thing of the past. Many current lending practices employed today by credit card companies, payday lenders, and providers of consumer loans would have been easily recognizable at the end of the nineteenth century. Geisst demonstrates the still prevalent custom of lenders charging high interest rates, especially to risky borrowers, despite attempts to control the practice by individual states. Usury and loan sharking have not disappeared a century and a half after the predatory practices first raised public concern.

How long is Loan Sharks?

Loan Sharks by Charles R. Geisst is 275 pages long, and a total of 70,125 words.

This makes it 93% the length of the average book. It also has 86% more words than the average book.

How Long Does it Take to Read Loan Sharks Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 23 minutes to read Loan Sharks aloud.

What Reading Level is Loan Sharks?

Loan Sharks is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Loan Sharks?

Loan Sharks by Charles R. Geisst is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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