Sean Vanatta on Credit Cards
New Books in Science, Technology, and Society
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The Evolution of Credit Cards and Banking in America
Delving into the history and impact of credit cards, this chapter explores the relationship between credit card debt, savings, and economic growth. It discusses the evolution of credit card business, the shift from local community banks to global banking giants, and the diminishing democratic control over financial institutions. The speaker shares their personal journey from marketing and history degrees to delving into the history of finance and the credit card industry, highlighting the historical significance of states in regulating consumer protection and credit prices.
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