A history of the world in 100 objects

Credit Cards have been around in the 1950s. These are a key element of 21st century living as these plastic promises hold the key to money. the size and scale of a credit card are the same with every single bank and building society in the world it is a universal size.

once you get a credit card the materiality of money disappears as you will never see the physical money again as a whole but you will see lines of numbers on a piece of paper. There are different levels of credit cards when you go into the bank, for example, a gold card level which suggested the=at the credit card is the equivalent as gold. credit cards are built on the idea of trust. it is the same an IOU which was used in Argentina when their currency became worthless in the 1990s.

a credit card track and moves along with us collecting all the data of what we buy and where all around the world. the magnetic strip in the back of the card gives us the ability to instantly spend around the world. There are two types of these plastic cards one called the debit card which allows you to spend money you already have and the credit card which allows everyday people to borrow money at relatively small interest percentage but this also has a risk as if you do not pay back the amount you borrowed plus the interest you will risk having a bad credit score meaning that credit card debt could happen. which can ruin lives.

some religions do not agree with the term interest as in the holy books it tells them in a simplified form that you should not put additional interest to someone who has borrowed or used your persuasions.

History and Theory

History and Theory

' A History of the world in 100 objects'

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