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16min chapter
Sean Vanatta on Credit Cards
Peoples & Things
Evolution of Credit Cards in Economic History
The chapter traces the history of credit cards in the US, exploring the shift towards consumer markets and the development of national credit card systems. It discusses the integration of credit cards as identification media and the expansion of revolving credit during World War II. The narrative touches on consumer backlash, movements for credit price regulation, and efforts for consumer protection against credit card fraud.
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