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On Background: A History of Bankruptcy in the US
Against the Rules with Michael Lewis
The Impact of 1700s Bankruptcy Laws on American Society
Alexander Hamilton was the leading probankruptcy person in America./nThomas Jefferson was vehemently antibankruptcy and believed that bankruptcy would just be away for Northeastern creditors to take advantage of./nIt wasn't until the end of the 19th century that we got a permanent law in place./nBack then, creditors had two concerns about a bankruptcy system./nThat it wouldn't be fair and that debtors would just abscond.
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