Evolution of Credit
The concept of credit has deep historical roots, tracing back to the Code of Hammurabi, which established guidelines for loans. Initially based on personal relationships and trust, the system evolved in the late 19th century with department stores introducing more efficient methods, allowing customers to make purchases without direct cash transactions. This shift marked a significant change in how credit was extended, paving the way for modern credit systems.In this clip
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The History of Credit Cards
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