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Historian to assay cost of debt in early America

10:25 a.m., Sept. 23, 2004--Debt—whether it’s a credit card or owing the local merchant a chicken—has always been with us.

Bruce H. Mann, Leon Meltzer Professor of Law and professor of history at the University of Pennsylvania Law School, will talk about debt during the Revolutionary War at 2 p.m., Friday, Oct. 1, in 111 Memorial Hall.

Sponsored by the Delaware Legal Studies Program, Mann’s talk addresses a fundamental dilemma during the Revolutionary War era when debt and insolvency were the antithesis of republican independence, yet they pervaded all reaches of American society.

Mann, the foremost authority on the Bankruptcy Act of 1800, the first federal bankruptcy law, has written extensively on American legal history. He specializes in the relationship between legal, social and economic change in early America.

In his latest book, Republic of Debtors: Bankruptcy in the Age of American Independence, Mann explores the legal, social, economic, moral, political and intellectual implications of debt and debt failure in the early American republic. He details how problems of money, credit and debt affected commerce and agriculture, nationalism and federalism, dependence and independence, even slavery and freedom.

Mann has keynoted the annual convention of the National Association of Consumer Bankruptcy Attorneys, and Republic of Debtors won the 2004 Willard Hurst Prize from the Law and Society Association and the 2003 Littleton-Griswold Award from the American Historical Association.

The lecture is free and open to the public, and refreshments will be served. For more information, call (302) 831-1803.

Article by Barbara Garrison

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