Paying With Plastic Is New, but Credit Isn’t

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Paying With Plastic Is New, but Credit Isn’t
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Visa and Mastercard are the latest variations on a system of credit that goes back to Mesopotamia.

Historian Amanda Foreman searches the past for the origins of today’s world.

Read previous columnsOn March 6, Amex , Mastercard and Visa announced that they were suspending their operations in Russia. The move will deal a blow to Russian commerce, as a life tied to cash and checks can be cumbersome in the extreme.

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