AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
The Roaring Twenties And The Birth Of Consumer Credit - Martha Olney
The Joe Walker Podcast
The Rise of Consumer Credit in the 1920s
Most of the consumer credit that was being issued in the 1920s was installment credit and it did not come from banks. Most of the installment debt came through what were called sales finance companies. In England they referred to it as higher purchase, H-I-R-E, so higher purchase. And in the US it would be called installment credit. But those were the same, whatever reason, two different names for the same thing.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode