Preview

How Did Credit Cards Change America

Good Essays
Open Document
Open Document
425 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Did Credit Cards Change America
March 17, 2013
How Credit Cards Changed America
The credit card was a changed that made Americans life’s easy and now hard. Now a days credit cards are use for every thing. Credit cards changed America in the best of ways and worst too. It changed America how we do thing, life style, and credit card debt.
The credit card was invented by Frank X. McNamara February 8, 1950. It was not called a credit card in the begin it was a diners club. The man who made the credit card wanted a way for Americans to have money in one places. He got the idea from his experience when going to eat and not having his wallet with him. Him and his two friends helped him with the diners club. They gave out diners club to 200 people to see what they think about

You May Also Find These Documents Helpful

  • Good Essays

    Columbus changed American History because he basically introduced the Europeans to America. He didn’t only find the United States, but he also formed many other nations. Also, his discovery allowed the colonization to begin. He set everyone exploring, and this is one of the major event that reshaped America. Not only that, but he also unlocked a new world of trade and started the Age of Exploration. Another major reinvention that shaped America was the American Revolutionary War beginning in 1765 through 1783. The American Revolution reinvented America, because it directed to the founding of America. Additionally, after the American Revolution started, there were several documents that were drafted. The two documents that were drafted were the Declaration of Independence and the Constitution. These two documents supported the Constitutional rights as well as arranged the foundation for a powerful democratic government. America was also able to create its own laws and regulations after the American…

    • 507 Words
    • 3 Pages
    Good Essays
  • Good Essays

    He shaped American history because his achievements were unprecedented. Franklin was the mind behind America’s first public library, first national newspaper, and first non-religious college. Serving as a founding father, he helped build America from the ground up, from the rubble and difficulties that led to independence to the formation of American government. His confidence in American growth and strength led to significant political and scientific breakthroughs that still continue to be used in modern times. Though he may not have been recognized widely at the time, his diligence to succeed outweighed any impediments that he may have faced.…

    • 1155 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    I was very interested in how Teddy Roosevelt helped our country. Teddy Roosevelt was elected into office after McKinley was assassinated. Roosevelt started to change America with the start of ending the Gilded age. Then he came out with the “Square Deal” which was, everyone gets an equal share just like how a square has all equal sides. This cut out the issues of monopolies, work labor, women’s rights, black rights and more.…

    • 161 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The American Revolution fundamentally changed American society in many different ways. Americans gained independence from Great Britain and began to govern themselves democratically and deal with their own dilemmas like slavery, internal revolts and rights of different groups of people without foreign interference. They utilized farming as the main labor but trade and manufacturing also picked up due to the end of mercantilism and the Navigation Laws.…

    • 676 Words
    • 3 Pages
    Good Essays
  • Better Essays

    In 1946 the first bank card was introduced by a man name John Biggins from Brooklyn, NY. This card was called “Charge-it”. When the card was used for purchases the bill first when to the Biggins bank. The bank then gave the money back to the merchant and then received the payment from the customer. The only way to have a “Charge-it” card was you could only use the card locally and also had to have an account through Biggins Bank. Credit cards are good and can help you build credit for in the future if you want to get a loan for a house or car or other such items. However, they can be bad because people tend to spend too much with them and then get in way over their heads with it and wind up paying a bill that takes those years to pay off or heavy interest rates that come with it each time you miss a payment or you are late paying it.…

    • 841 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    What effect did the Great Depression have on the credit industry? First thing first the Credit Industry was created in the 1920, to stop the sharking loans industry. They Relaxed the lending Laws to make profitable to respectable banks to give out loans. Then the great depression hit in the 1929, which when the economy was down, people were scared, and the lack of jobs. Of course, the U.S. Government decided to relaxed lending laws even more to keep the banks going.…

    • 167 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    important to our country. Hamilton initially established the proposal for a Bank of America in 1790, and the idea still runs strong today. “In 1790 Hamilton submitted to the Congress a report on the public credit that provided for the funding of national and foreign debts of the U.S., as well as for the federal assumption of the states’ revolutionary…

    • 651 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Have you ever wondered how trains and railroads changed life in America? History argues over the impact of railroads. History claims that the contribution of railroads was crucial in American development. Others, such as Robert Fogel, maintain that the impact of railroad transportation was not as crucial in the development in America (Early American Railroads). The issue may be a controversial one, but the fact remains that train transportation, the building of trains, and the development of the railroad system changed America. The impact of the railroad changed jobs, towns, travel, lifestyles, as well as the physical face of the United States of America.…

    • 2808 Words
    • 12 Pages
    Good Essays
  • Satisfactory Essays

    Com/172 Week 2

    • 419 Words
    • 2 Pages

    Most American families have depended on credit cards to manage their budgets because banks and credit card issuers had given them indiscriminately credit cards to almost everyone without checking their credit scores and source of income.…

    • 419 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The industrial revolution was the most significant cause of the 1800s, it change the world as we know it. The Industrial Revolution changed warfare and how people where able to fight and rise to power. The Industrial Revolution began in England during the 1800s, and later spread to Asian, Europe, America. It allow both women and children to work, which helped family on income. The industrial Revolution changed how goods were made and traded.…

    • 550 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Industrial Revolution was a turning point in America and Europe that affected how the people in these two areas lived for the good and bad of many. Machines during the Industrial Revolution set the standard for what the future would hold for America and Europe, but would not only would their futures be changed but the outcomes of their revolution would spread causing a global revolution. The machines brought about not only a huge growth in modernization, but a huge change in the lives of the working class throughout America and Europe. To sustain themselves, many people worked in harsh conditions and endured cruel punishments daily, which caused a massive strain on the body and mind and still had to work long hours everyday. Machines…

    • 714 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Historians say that the New Deal era is the beginning of modern American society. Many also say it was the beginning of the Imperial Presidential era. It was also a time when the quality of life had raised in a time of war. Life expectancy went up three years for whites and five years for blacks. (HIST 222 lecture, 28 OCT 10) There are many reasons why people consider the New Deal era the beginning of modern society, but the new reforms and programs, new women and new Negros, and the new consumer life style are the most evident and important.…

    • 728 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The effects on America from the revolution were liberty, freedom, and self government. It made a huge impact on the society today. The Americans would not have as many rights today without the war. Pros of the American Revolution we have freedom, liberty, and a self-government. Because of the people who fought in the war had a lot of dedication and motivation. If we would not have had the war, we would not have influenced England to give our country more rights. “Once more we are again collected and collecting our new army of both ends of the continent recruiting fast, and we shall be able to open the next campaign with sixty thousand men, well armed and clothed.” by, Thomas Paine. Nations last support/ motherland/ homeland security has been taken.…

    • 592 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Credit Card

    • 560 Words
    • 3 Pages

    It's hard to imagine doing business today without credit cards. If you are among the relatively few who do not own a credit card, the chances are good that you have a great deal of difficulty rent a car or reserving a hotel room. So, just what are these little plastic cards and how do they work? Let's start by explaining the basics.…

    • 560 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Lieber, Ron. 2005. The Diners Club Card Tries a Comeback; After Falling into Disuse, It…

    • 7340 Words
    • 30 Pages
    Good Essays