How America Learned to Live and Thrive With Debt—er, Credit

1950: Frank McNamara, the founder of Diners Club Card, charges dinner at Major’s Cabin Grill in New York—the first transaction made with a credit card.

1950 Frank McNamara, the founder of Diners Club Card, charges dinner at Major’s Cabin Grill in New York—the first transaction made with a credit card.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.