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Credit was invented in order to allow people to get the value of some service/good immediately while providing a legal means to pay for that item/service over time.
In the US, Singer was the first to provide installment credit for the purchase of sewing machines.
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∙ 13y ago
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Who invented a steamboat that moved against ocean currents?
Robert Fulton invented the steam engine and I believe he also is given credit for the steamboat.
Why were checks invented?
So you didn't need to carry around money with you. This was prior to the introduction of credit cards.
Who invented the study of rhetoric?
Rhetoric works to increase the ability of artists like writers or public speakers. Scientists are unsure as to who invented it, but Aristotle is most often given credit for rhetoric.
Who is given credit for inventing the eyeglasses?
In Italy in the year 1284, Salvino D'Armate invented the first pair of wearable eyeglasses, although traditional eyeglasses as we know them today, were invented by Francesco Redi in 1676.
Who was the first person to receive credit for the internet?
Tim berners-lee In 1989 he invented the World Wide Web
When was the first credit card invented?
the credit card was invented in 1950
What date were credit card machines were invented?
Modern credit cards were invented and first used in 1994.
What year was the credit card invented?
The first credit card, Diners, was invented by Ralph Schneider in 1950.
When were the first credit cards invented?
The first credit card, Diners, was invented by Ralph Schneider in 1950.
When was credit invented?
1920
Who invented the swiffer?
Cat Swartz invented it as an intern and got no credit for it.
Who invented television and radio?
the radio was invented by evelyn diaz she did much reasearch on it and earned all the credit but Nikola Tesla and gugliemo did not get any credit!
Where was the credit card invented?
Unfortunately. America
Who invented the credit card?
Why u askin
Who invented credit card?
Frank McNamara
Who invented the first credit card?
diner's club
Why were credit cards invented?
Credit cards were made because banks wanted to keep up with credit as in owed money better.
