John F. Kennedy was familiar with policy formation and the legislative process from his numerous years of experience in Congress. According to Biographer Theodore White, President Kennedy was responsible for more legislation than any other president since FDRâs administration in the early thirties.ownload. EISENHOWER & KENNEDY: WORLDS APART Two of the most memorable and influential presidents, in the history of the United States, Dwight D. Eisenhower and John F. Kennedy were living legends in their time.
The first credit card. In 1950, Diners Club and American Express launched their charge cards in the USA, the first âplastic moneyâ. In 1951, Diners Club issued the first credit card to 200 customers who could use it at 27 restaurants in New York. But it was only until the establishment of standards for the magnetic strip in 1970 that the credit card became part of the information age.
After a card issuer approves a consumer, a credit card is issued. Certain criteria must be met by the consumer for approval, such as minimum income requirements and credit scoring. Once a card is issued, the consumer can use the credit card to make purchases or pay for services offered by merchants that accept that card. When the consumer uses the credit card to pay for products or services, he or she agrees to pay the card issuer as stipulated in the credit card holder agreement.