Jack White
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  • Crofton, MD
  • United States
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Credit Cards in America: A Brief History

Although bank credit cards are a relatively recent innovation, typically marked by the establishment of the “businessman’s Diner’s Club card” in 1950, U.S. society has historically depended upon the availability of consumer credit. For example, farmers depended on store credit before the harvest of their crops in rural America, whereas industrial workers were issued “script” for purchases in the company store that were later deducted from their wages. Significantly, both forms of consumer…See More
Jun 29
Jack White is now a member of Welcome To Steampunk
Jun 28

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Jack White's Blog

Credit Cards in America: A Brief History

Posted on June 29, 2018 at 7:59am 0 Comments

Although bank credit cards are a relatively recent innovation, typically marked by the establishment of the “businessman’s Diner’s Club card” in 1950, U.S. society has historically depended upon the availability of consumer credit. For example, farmers depended on store credit before the harvest of their crops in rural America, whereas industrial workers were issued “script” for purchases in the company store that were later deducted from their wages. Significantly, both forms of consumer…

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At 12:02pm on June 28, 2018, Captain said…

Welcome!

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