Invention of Credit Cards

Invention of Credit Cards What is credit? And what is a credit card? Credit is a method of selling goods or services without the buyer having cash in hand. So a credit card is simply an automatic way of offering credit to a consumer. Today, every credit card carries an identification number that speeds up shopping transactions. Imagine what a credit purchase would be like without it.  The sales person would have to record your identity, billing address and terms of repayment. According to Encyclopedia Britannica, the use of credit cards originated in the United States during the 1920s, when individual firms, such as oil companies and hotel chains, began issuing them to customers. However, references to credit cards have been made as far back as 1890 in Europe. Early credit cards involved sales directly between the merchant offering the credit and credit card and that merchants customer. Around 1938, companies started to accept each others cards. Today, credit cards allow you to make purchases with countless third parties. The Shape of Credit Cards Credit cards were not always been made of plastic. Throughout history, there have been credit tokens made from metal coins, metal plates, and celluloid, metal, fiber, paper and now mostly plastic cards. First Bank Credit Card The inventor of the first bank issued credit card was John Biggins of the Flatbush National Bank of Brooklyn in New York. In 1946, Biggins invented the Charge-It program between bank customers and local merchants. The way it worked was that merchants could deposit sales slips into the bank and the bank billed the customer who used the card. Diners Club Credit Card In 1950, the Diners Club issued their credit card in the United States. The Diners Club credit card was invented by Diners  Club founder Frank McNamara as a way to pay restaurant bills. A customer could eat without cash at any restaurant that would accept Diners Club credit cards. Diners Club would pay the restaurant and the credit card holder would repay Diners Club. The Diners Club card was at first technically a charge card rather than a credit card since the customer had to repay the entire amount when billed by Diners  Club. American Express issued their first credit card in 1958. Bank of America issued the BankAmericard (now Visa) bank credit card later in 1958. The Popularity of Credit Cards Credit cards were first promoted to traveling salesmen (they were more common in that era) for use on the road. By the early 1960s, more companies offered credit cards by advertising them as a time-saving device rather than a form of credit. American Express and MasterCard became huge successes overnight. By the mid-70s, the U.S. Congress begin regulating the credit card industry by banning practices such as the mass mailing of active credit cards to those who had not requested them. However, not all regulations have been as consumer friendly. In 1996, the U.S. Supreme Court in case Smiley vs. Citibank lifted restrictions on the number of late penalty fees a credit card company could charge. Deregulation has also allowed very high-interest rates to be charged.

University Admission Essay

University Admission Essay University Admission Essay Secrets of University Admission Essay Writing University admission essay writing is a serious assignment as you have to take into account numerous aspects of your life and then squeeze all that information into a two-three page essay. Not an easy task, is it? Moreover, your university admission essay must be nothing less than brilliant; otherwise, youll never get accepted into university of your dreams. One of our senior writers was a member of admission committee at one of the reputable American universities. We asked him to share his opinion on winning university admission essays. Here are several suggestions:http://.com/blog/writing-admission-essay Bad University Admission Essays More than 90% of applications are poorly written. Those university admission essays never get a single chance to be accepted. Bad university admission essays are five-paragraph papers which are nothing more than a group of unrelated and unsupported sentences. There are no mistakes or grammar problems, but they are boring to read and do not get any attention. Bad admission essays open with the general statement which provides immediate answer to the stated question. Such openings deprive admission committees of an opportunity to be interested in reading till the final sentence. Yes, you must keep the attention of the reader from the very first lines. In overall, there is nothing wrong with the boring university admission essays. However, such an essay will never contribute to your admission, unless you have the best grades in the city. Good University Admission Essays Good university admission essays are not the ones which are written in untraditional way. Good university admission essays are excellent because of their voice. It means that good essay shows your personality rather than tells about it. By showing, I mean that you must appeal to all of the senses. Even if you think that the topic is not relevant (of course, you should not go into description of the absolutely irrelevant issues), the way you present it determines whether you get admitted or not. In addition, you should show respect to the intelligence of the reader. Your good university admission essay should focus on ideas which come behind the details. Finally, do not forget that precision is a power in your university admission essay. Custom Written University Essays If you want to get the best written university admission essays, you may confidently ask our professional essay writers for assistance. We are able to write good university admission essays because we are aware of all the secrets of admission process. Moreover, our writers are experienced and have already helped many students! Do not delay your successful university admission essay writing! Read also: Critical Essay Outline Essays on Patriotism Assignments for Sale Maths Coursework

Define the Word ( not asking dictionary definitions) Assignment - 1

Define the Word ( not asking dictionary definitions) - Assignment Example Hence, sublime is like a documentary, which has a collection of the art, music, technology, nature, lifestyle and culture of the America. Such include the technological and natural changes as represented by the artists in different forms. As used in the readings, representation means a depiction of ideas in visual arts and literature. Such include the depiction of ethical concerns of the Americans in literature. Thus, representation provides a unique form of non-verbal communication where pictures, images and literature act as the key substitutes of imagined or remembered things in America (David, 1986). Representation gives meaning and a sense of appreciation of the things, which individuals in their current state are not able to perceive or see. It is vital for representation to occur throughout in artwork to ensure that people can have an actual depiction of the things, which they cannot see in their current physical

Customer Service Training Assignment Example | Topics and Well Written Essays - 1750 words

Customer Service Training - Assignment Example he paper will identify ways through which deficiencies would be eliminated by justifying the use of needs assessment of the company’s given employee training program. Undoubtedly, training can play a vital role for the success of an organization. Organizations (associated with customer service specifically) hold various training sessions as it is one of the appropriate techniques to meet the goals and objectives and to attain efficient production. Training session for new employees helps them to settle in the fresh new environment and get used to with the company’s policies. Furthermore, these training sessions also helps the new employees regarding the better use of technology and IT (Handy, 2008). Since customer service is a very delicate and important aspect for any business, therefore, it should be noted that the new employees must learn ways through which they can perform better. Also, it can create a steadfast team of their own that has the tendency to overcome issues and fulfill the customer requirements under every circumstance (Marquardt, 2000). The best way to hold a training session for the new employees is through needs assessment technique. There is an avid need to identify the loopholes or the actual training needs that are required by the company, and should be prioritized. For example in the present case of training new employees, there is an obvious need to address them the basic rules and policies of the company regarding customer services and how it stands out in the market. Furthermore, there are numerous tasks and functions that cannot be done without proper training or guidance, for example, the use of technology / IT in the company, etc. This approach would result in paramount returns by investing time and training on the employees by correctly identifying the basic needs, issues in customer service, and other work related queries, while it also helps inappropriately appointing the right employee at the right place (Evenson,

Bessie Smith and Billie Holiday Essay Example for Free

Bessie Smith and Billie Holiday Essay Bill Crow’s Jazz Anecdotes is a thought-provoking, often amusing collection of stories from within jazz’s inner circles, told by and about some of the genre’s leading figures. While not a history of jazz, it gives readers some insights to how jazz artists worked, lived, bonded, and coped with an America in which many were still outsiders. The book’s forty-three chapters (expanded from the original 1990 edition) describe the life jazz musicians shared, offering insights into a rather exclusive, unconventional circle of performing artists. The numerous anecdotes are categorized by chapters, gathering related tales and moving from a general overview of jazz life to anecdotes about individuals, like Louis Armstrong, Miles Davis, and Benny Goodman. Essentially, Crow creates a context in which jazz musicians lived, and then places individual musicians within it, giving readers a better understanding of how they functioned in this rarified climate. For example, the volume opens with â€Å"Wild Scenes,† which Crow says describes how â€Å"the individuality of jazz musicians combines with the capricious world in which they try to make a living† (Crow 3). The brief chapter sets the stage for the rest of the book, giving glimpses of the unconventional world jazz musicians inhabited (which explains to some degree their relationship to society at large). â€Å"The Word ‘Jazz’† contains attempts to explain the origins of the genre’s name, and â€Å"Inventions† offers accounts of how certain innovations occurred (such as Dizzy Gillespie’s distinctive bent trumpet), giving the reader a sense of history though the work is not an orthodox history per se. Many of the stories contained in Jazz Anecdotes convey the musicians’ camaraderie and warmth toward each other, as well as each other’s idiosyncrasies. Others convey how difficult and often arbitrary the jazz lifestyle often was. â€Å"Hiring and Firing† demonstrates how unstable many musicians’ careers were, rife with disputes over money or dismissals for their personal quirks. (For example, Count Basie fired Lester Young for refusing to participate in recording sessions occurring on the 13th of any month. ) â€Å"Managers, Agents, and Bosses† offers a glimpse into the seamier underside of jazz, where dishonest managers and mobsters often trapped jazz performers in unfair contracts or worse. Though jazz musicians appear to inhabit a special world, Crow does not discuss jazz in a social vacuum, tying it to social phenomena like race relations. In â€Å"Prejudice,† the tales take a more serious tone by showing how black jazz artists faced abundant racism, particularly in the South. However, Crow notes that â€Å"Jazz helped to start the erosion of racial prejudice in America . . . [because] it drew whites and blacks together into a common experience† (Crow 148). Jazz artists dealt with racism in various ways – Bessie Smith and Billie Holiday stood up to it while Zutty Singleton accepted it. Meanwhile, even white musicians like Stan Smith angered both races – whites for performing with blacks, and blacks for â€Å"intruding on their music† (Crow 152). The final chapters focus on individual artists, illustrating the greats’ personalities. Louis Armstrong emerges as earthy and good-hearted; Bessie Smith as strong and willful but ultimately self-destructive; Fats Waller is an impish pleasure-seeker given to excellent music but poor business decisions; and Benny Goodman as gifted but tight-fisted and controlling. Taken as a whole, Jazz Anecdotes offers a look at jazz’s human side, including its foibles, genius, camaraderie, crookedness, and connection to an American society from which it sometimes stood apart. Its legendary figures are depicted as gifted, devoted artists who enjoyed hedonism, companionship, and particularly independence. If any single thing stands out in this book, it is the latter; for the figures in this work, jazz meant creativity and freedom, which they pursued with equal vigor and vitality. Crow, Bill. Jazz Anecdotes. New York: Oxford University Press, 2005.

The Jamestown Settlement Essay -- American America History

The Jamestown Settlement A group of Europeans, headed by Bartholomew Gosnold, began planning a possible business venture that would send a group of colonists to what was already known as Virginia. Gosnold was apparently the driving force behind getting this operation in place. Gosnold was referred to as "the first mover of this plantation" by Captain John Smith."(Ward) Merchants from London, Bristol and Plymouth sponsored the voyage and persuaded King James to grant a charter and letters of patent to create the Virginia Company. A strange twist to the story was that the man who worked so hard to get this Company started, Gosnold, was unable to become a member but he did manage to become appointed to the resident council. Their job was to work with Virginia associates and be involved in local affairs for the new colony. The Susan Constant, Discovery, and Godspeed were the three ships that set sail for Virginia, from England in February of 1606. The commander of the three ships was Christopher Newport and not John Smith. "In the early evening of May 13, the expedition reached a narrow pear-shaped peninsula about sixty miles up the river, here on the 1500-acre peninsula, it was decided to erect a fortified town to be called Jamestown."(Ward) They decided to give it the name Jamestown in honor of their king. As soon as they landed they began to build a fort in the form of a triangle. They constructed the fort in this manner for purposes of safety against the natives. A triangular fort gave them one less side that they could get attacked from. The land that they decided to build Jamestown on came with many problems. "They could hardly have made a worse selection. The situation was extremely unhealthful, being low and expos... ...uperior weapons. In 1644, Opechancanough organized another mass attack, which would be his last attempt to drive the English away. 500 settlers were killed but the English, in effect won the war. Opechancanough was captured and killed. The Powhatan villages were literally whipped out. "By 1700, the Powhatan tribesman numbered only 1200 when in 1607 their population was estimated at 9000"(Ward) Works Cited: Pryor, Roger. (1907). The Birth of the Nation. New York, New York. The MacMillan Company. Ward, Harry. (1991). Colonial America, 1607-1763. Englewood, New Jersey. Prentice Hall, Inc. Bridenbaugh, Carl. (1980). Jamestown 1544-1699. Oxford. Oxford University Press. Wertenbaker, Thomas. (1929). The First Americans. New York, New York. The MacMillan Company. Eggleston, Edward. (1930). Pocahontas. New York, New York. Dodd, Mead and Company.

Introduction of Western Religions Essay

Religion is an integral part of human life. Over the years various religions have laid principles with which their followers can easily be identified. Each one of the religions has specific traditions which define them. This discussion looks at three main religions in the west namely Judaism, Christianity and Islam and the traditions that identify each one of these religions. Judaism is one of the oldest religions in the world. Some of the core characteristics of this religion include the belief in one Holy and Supernatural being. This religion does not believe in the existences of many gods but instead they believe that there is only one God who is the creator of the heavens and earth and all that is contained therein. In addition, this religion believes that God who created mankind has concern for the welfare of all human beings. Christianity is equally a monotheistic religion whereby followers believe in the existence of one God. This religion is bended on the life and times of Jesus Christ who is the son of God and who was sent by his Father so as to save mankind. See more: how to write an introduction paragraph Just like in Judaism, Christianity has principles which act as guidelines. Christians believe in the Holy Trinity. The Holy Trinity comprises of God the Father, God the Son and God the Holy Spirit. They believe that the Holy trinity works in unison. Christians also believe in death of human beings and life after death. They believe that when a person dies he or she will either go to hell or heaven depending on a person’s deeds while on earth. Another pillar or tenet of the Christian faith is the Church which they equate to the body of Christ. Christians also have faith that Jesus Christ will come again to judge those who will be alive and those who will be dead. Islam also believes in the worship of one God. This religion has five main pillars. They include the shahadah. This is the basic tenet in the religion and it involves the confession that Allah is the only true God who deserves to be worshipped by all mankind. Salah is also one of the Islam pillars and it involves praying five times a day while facing a particular direction. Zakat involves giving a part of wealth to the needy people in the society. Sawm refers to the period of fasting where the Muslims fast for a period of one month during the Holy Month of Ramadhan. This is a period when Muslims refrain from pleasures of the world to reflect on God. Hajj is also a pillar of the Muslim faith where faithful walk all the way to Mecca. This is done once in a lifetime. In conclusion, every religion has its core tenets with which it is identified with. For a person to be considered a faithful of a particular religion, they must concur with the laid down principles of the religion. Any person who wishes to join a particular religion must be well aware of the tenets of that particular religion and follow them to the letter. Of these three religions, one common aspect is that they believe in the existence of only one God. This is what is known as monotheistic religion where there is only one God who is to be adored and worshipped.