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Explore Insane Story of How Credit Cards Enslaved Everyday Americans. How credit card controls your world with 2,639 views, 124 likes, and 3 comments. Experience the impact of this video content that has captured audience attention.

Insane Story of How Credit Cards Enslaved Everyday Americans. How credit card controls your world Many people need debt to finish school, debt for daily purchases, debt to get to and from work and more debt to afford a roof over their heads. Debt is so embedded into our culture and the way we thinking and feel about everything… that it is surprising that very few people know very little about the history of credit cards. The story of how credit cards came to be is fascinating and filled with stories within stories. There is competition, innovation, marketing lessons, how consumer protections were influenced and much much more. Many companies including Western Union, Diners Club, Citibank, Chase and Bank of America played a key role in creating the modern day credit card system that we use today. But the people and laws that made it possible are often forgotten. People such as John Biggins, Frank X. McNamara, Joseph P. Williams, Clark Beise, Duncan A. MacDonald and many more. The effects of credit card debt is well documented what isn’t is how it all ties in together and that is what we will learn today. Where I get my music: https://artlist.io/Ronald-2701985 All of our sponsors are around helping you better run your business and if you would like to learn more you can reach out to us via our other social channels below. https://beacons.ai/freedomchasingmedia/sponsordeals Chapters: 0:00 - Ground Zero 1:20 - Competition Heating Up 4:53 - How The Law Made It Possible for Credit Cards to Enslave You 6:14 - Low Hanging Fruit 8:00 - So Who’s Fault Is It? Content & Fair Use Disclaimer This video contains copyrighted material, the use of which has not always been specifically authorized by the copyright owner. The use of this video and copyrighted material contained in it is for the purpose of commentary, criticism, news reporting, parodying, research, teaching or scholarship, all of which fall within the "Fair Use" doctrine of section 107 of the United States Copyright Law. No copyright infringement intended. We have no intention to convey harm, spread hate or any other ill connotations to anyone. Additionally, we do our best to always be respectful of others, and any perceived "negative" comments made are done so as a joke or with light hearted humor. #creditcard #financialliteracy #economicalissues #credit

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