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Cash was still king in 1949 when Frank X. McNamara, head of a New York City financial company, hatched an idea for harried businessmen who had to pick up the tab for entertaining clients: Use a charge card instead of currency. Americans were familiar with charge accounts at individual department stores, but McNamara’s Diners Club …
The post The First: Credit Card appeared first on HistoryNet.
Armchair General- Dispatches November 2013Navy Cross for Vietnam War Heroism Former active duty Marine Ned E. Seath received the Navy Cross, the second highest award for valor in the Marine Corps and Navy, in a February 11… Read MoreArmchair General- Letters from Readers November 2013Lincoln Chooses War I just read your piece “Lincoln Chooses War, 1861” Hard Choices, May 2013 ACG, and it puts events into a different light. I had always thought the events leadin… Read MoreFailure is Not an OptionGeorge C. Marshall ruthlessly purged the ranks of his generals and set an enduring standard for what it takes to lead U.S. troops. WORLD WAR II BEGAN with a series of dismissals ac… Read MoreArmchair General- Letter from the Editor November 2013Deconstructing Adolf Even a cursory survey of world history sadly confirms the validity of Lord Acton’s oft-quoted observation: “Power tends to corrupt, and absolute power corrupts… Read MoreCrisis Watch: Misplaced FaithOur diplomats trust our enemies, not us. A good con knows that the easiest person to fool is the one who wants to be fooled. And in this age of global upheaval, our diplomats want … Read More
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