Quote by Jerzy Kosinski

Banks introduced the installment plan. The disappearance of cash and the coming of the credit card changed the shape of life in the United States.

Banks introduced the installment plan. The disappearance of

Summary

This quote highlights the significant impact of banks introducing the installment plan and the subsequent shift from cash to credit cards in the United States. The installment plan allowed individuals to make purchases in fixed payments over time, increasing access to goods and services. With the rise of credit cards, cash started to become less commonplace, altering the way people carried out transactions. This transformation affected the way Americans conducted their daily lives, as they increasingly relied on credit and readily available payment methods, ultimately shaping the economic landscape of the country.

Topics

Life Plans

By Jerzy Kosinski

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