Who Can Stop Credit Card Abuse

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Clay R

 

Date added:

May 21, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1727

 

Was viewed:

4069 times

 

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Essay content:

In their excitement, they called over Major, the proprietor and asked him how much he would pay for business that he would not ordinarily get. Without flinching, Major replied "7 percent" , number that established a major industry (Lewis, 1990). ` Those three men were Alfred Bloomingdale, Frank Mc Namara and Ralph Snyder...
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They conceived a plan for a new type of credit card. Unlike the retail and gas credit cards, which were restricted in use to those industries, theirs would be "universal" card that allowed its holders to purchase goods and services at different places across the country. An industry was born, Diners Club As a matter of fact, the period right before the First World War, was the first year for a new industry, the credit card industry...
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