Installment Credit Before 1870

Robert A. Lynn

Business History Review, 1957, vol. 31, issue 4, 414-424

Abstract: Neither cash sale nor barter were adequate means for bringing a growing number of high-priced durable goods to the American consumer. The employment of installment credit facilitated the growth of a mass market for such products and provides an example of the utilization of an old commercial technique for a new purpose.

Date: 1957
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