People began to borrow money as soon as the exchange of goods appeared. Sometimes it was necessary for the development of business, sometimes - for survival. For most of history, monetary loans were available only to the rich and noble, entrepreneurs and aristocrats. Ordinary people were content with trade loans in shops and taverns, where they were taken at their word. Borrowing money from moneylenders was only necessary in the most extreme cases. But the twentieth century completely turned upside down both people's ideas that credit is a disgrace and a huge risk, and the ideas of the new moneylenders - banks - that a poor private individual is a bad client. Credit cards gave people an unprecedented level of freedom and an unprecedented level of problems. Time codes: 00:00 - Time to pay 00:44 - debit and credit cards and those in the middle 04:31 - history of debtors and usurers 13:15 - precursors of credit cards and problems of the first credit cards 22:03 - the system is developing and problems are already with clients Support the channel with exclusive materials for subscribers: Boosty: https://boosty.to/elevated Patreon: / julia_bolchakova Download my fiction books from Etsy (e-pub or pdf): https://www.etsy.com/ca/shop/Aleutie?... From Russia, it is more convenient to download from Boosty: https://boosty.to/elevated (e-pub, pdf or fb2). FOR BOOSTY AND PATREON SUBSCRIBERS MY BOOKS ARE FREE! If you have problems with the files, write me a PM inside Boosty or Patreon. All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are, or represent, the copyright owner of materials used in this video, and feel that they were used inappropriately, please, contact me and I'll do all necessary changes.