19 St. 47 Min, 30 Jan 1950 Jahr - Credit Card

Beschreibung:

The very first credit card appeared in 1950. The card was limited to paying for meals at a limited number of restaurants, but it was quickly followed by other cards, causing a dramatic growth in borrowing money. Private debt more than doubled from $104.8 billion to $263.3 billion during the '50s. People borrowed to buy houses, cars, appliances, etc.

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