A brief history of credit cards - Nidhi Upadhyaya
A brief history of credit cards - Nidhi Upadhyaya with tags credit card, credit cards, credit card history, banks, banking, diners club card, frank mcnamara, iou, credit, credit history, credit score, interest, interest payment, credit card interest, interest rate, finance, personal finance, debt, credit card debt, charge, charge card, consumers, consumer debt, consumer safety, money, financial literacy, money management, lending, loans, education, animation, nidhi upadhyaya, jeff le bars, jetpropulsion, ted, ted-ed, ted ed, teded, ted education
Dig into the history of credit cards in the United States, and how they have evolved since the 1950s into the industry we know today.
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Today, credit cards are a $500 billion-a-year industry. Banks consider these lines of credit when deciding whether or not to approve loans, incentivizing customers to maintain multiple credit cards. So, how did this lending system originate? And how did they get to be so popular? Nidhi Upadhyaya digs into the history of credit cards in the United States.
Lesson by Nidhi Upadhyaya, directed by Jeff Le Bars, JetPropulsion.space.
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