AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Visa
Acquired
The Role of Debt in American Society
Debt and credit, considered negative terms today, were common and essential in American society, particularly between 1958 and 1990. Americans historically borrowed money to purchase goods from various sources like banks, credit unions, department stores, and even loan sharks. The growth of consumer credit was significant, with each year seeing higher debt levels than the previous one. The credit card industry was seen as instrumental in building the country, driven not by bleak circumstances but by optimism for a brighter future, as people believed in a better tomorrow.
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