Credit Cards
  • Home
  • Introduction
  • Historical Context
  • Early Years
    • History of the Credit Card
    • Credit Images
  • Credit Card 101
    • Types of Cards
    • How It Works
    • Consumer Protection
  • Consumer
    • Pros and Cons
  • Crime
  • Technology
  • Conclusion
  • Bibliography
  • Process Paper
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(Money and Checks)



Early Years

"In God we trust; all others must pay cash."
~Anonymous Merchant
(Evans and Schmalensee 111)



*Coins, first form of money, invented 4000 years ago
*Checks first used 800 years ago 
*Installment buying (partial payments on purchases)       started 1850's 
*Celluloids and charge coins first issued in 1865
*Paper money use started a century ago 
*After WWII, "credit boom" began

*Diners' Club Card introduced in 1949
*Charge plates used until early 1960's

("Card Classification"; Evans and Schmalensee 19; Greenbaum and Rubinstein 28; MacGregor 647; Mandell xiii; Moose 21)

Before Credit Cards

                                                    (Riddle, R)

Coin and Celluloid

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Charge Plate

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Paper Money and Coins

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(Jennings, Kaufmann)
(Jennings, Beloit)
(Werner)
History
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