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Securing Debt in an Insecure World: Credit Cards and Capital Markets

Louis Hyman

in Debtor Nation: The History of America in Red Ink

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140681
eISBN:
9781400838400
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140681.003.0008
Subject:
History, American History: 20th Century

This chapter explores how profits on credit cards became the center of lending. By the early 1980s, credit cards metamorphosed from break-even investments to leading earners. With much higher profits ... More


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