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In Hock Pawning in America from Independence Through the Great Depression by Wendy A. Woloson

In Hock Pawning in America from Independence Through the Great Depression


In Hock Pawning in America from Independence Through the Great Depression by Wendy A. Woloson

The definitive history of pawnbroking in the United States from the nation's founding through the Great Depression, In Hock demonstrates that the pawnshop was essential to the rise of capitalism. The class of working poor created by this economic tide could make ends meet only, Wendy A. Woloson argues, by regularly pawning household objects to supplement inadequate wages. Nonetheless, businessmen, reformers, and cultural critics claimed that pawnshops promoted vice, and employed anti-Semitic stereotypes to cast their proprietors as greedy and cold-hearted. Using personal correspondence, business records, and other rich archival sources to uncover the truth behind the rhetoric, Woloson brings to life a diverse cast of characters and shows that pawnbrokers were in fact shrewd businessmen, often from humble origins, who possessed sophisticated knowledge of a wide range of goods in various resale markets. A much-needed new look at a misunderstood institution, In Hock is both a first-rate academic study of a largely ignored facet of the capitalist economy and a resonant portrait of the economic struggles of generations of Americans.


A remarkable and remarkably original book. With her keen ear for the stories and anecdotes that make the milleus of the working poor come alive, Wendy A. Woloson captures the vivid and untold history of pawnbroking from the late eighteenth century through the Great Depression, and writes with panache on the many changes this period heralded. (Ann Fabian, Rutgers University)

About the Author

Wendy A. Woloson is an independent scholar and consulting historian living in Philadelphia. She is the author of Refined Tastes: Sugar, Consumers, and Confectionery in Nineteenth-Century American Culture.

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Book Info

Publication date

11th May 2012


Wendy A. Woloson

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University of Chicago Press an imprint of The University of Chicago Press


248 pages


Social & cultural history
Economic history
Credit & credit institutions



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