Banks And Credits (1948)

Coronet Instructional Films (a division of Esquire Inc.) presents Banks and Credit. Educational collaborator James Harvey Dodd, PhD., Professor of Economics and Business Administration, Mary Washington College at University of Virginia

[@clavel89]

I learn more watching old movies like this one than today’s videos

[@belmarmom]

Me too.

[@maple1255]

I love these old films, things explained clearly and simply. Wow, that 'adding machine' the woman has to bring accounts up to date, reflecting transactions, that is a complex machine!

[@Fush1234]

Yes… an IBM machine. They were so advanced in their thinking, they knew Apple would fail

[@chrysiarose]

I remember when there were savings books, and check books had to be balanced.

[@christopher11x]

I know. I remember being in high school and had my first part-time job. Opening my checking and savings account, balancing it and having the book updated every time I deposited into savings. It was like gold to me. I still balance my checkbook!

[@ckom0007]

1948-Banks serve people and Business. 2019-Well, you know how that goes...

[@Eszra]

Wow $1000's then would be nearly $10,000 now!

[@xAutoTx]

More, by now. USD$1000 in 1948 is just shy of USD$12k in 2022.

[@Eszra]

@@xAutoTx ouch

[@MrPhil0267]

There is a lot of good information in this video. Many people do not understand how much it costs them in the long run by paying only the minimum payment required on credit cards. I erased over 2000.00 of debt by paying double (and sometimes triple) the minimum payment. My debt is not a lot lower.

[@video99couk]

I have a better system still. My credit card is configured to be paid in full automatically each month. The way it works is that each transaction is paid off between 4 and 8 weeks, depending when it falls. The credit card costs me nothing like this, I've never paid any interest in the 25 years I've had it.

[@kitevans1084]

Consumer is to only pay finance charge

[@PPikes]

1:56 i have my great grandmothers bank book just like that!!! its so kewl to read the stamped dates from the 50's!

[@FurbyGender]

Wow, I never knew this much about banks as I was raised to never spend more than you made and that means no credit cards or credit from other places. I have yet to obtain any credit and I'm in my mid 30's. I'm doing well by only buying what I can afford.

[@johnp139]

Do you own a home? My home costs less than rent (mortgage, interest, tax and insurance) and as a result I am saving money by borrowing it. I also have several credit cards with 10’s of thousands of available credit, and I get cash back by using them and pay nothing extra because I pay them off each month. But feel free to continue to throw away your money.

[@nickmad887]

thank you

[@HowManySlams]

Why did Mr. Morton repay $2000? Didn’t the bank pre-pay the interest to themselves when they only gave Morton $1990 of the $2000 loan?

[@5433D]

You've got a sharp eye, Stone!

[@johnp139]

Yeah, what’s your point? He essentially got a loan for $1990 and he paid it back plus $10 interest.

[@HowManySlams]

John P Oh, okay, that makes sense. I’ll be the first to admit that finance is not my strong suit. I really do appreciate your very well stated explanation. Thx John P.

[@OBAG09L]

It certainly was, well spotted.

[@strictly45s6]

People today believe you need a fico score to purchase property and finance cars... this is how this country works. People believe what they're told. Instead of finding the truth.

[@timsmith854]

Banks: Where we treat you like a best friend. One that needs to be kept behind BIG IRON BARS.

[@5433D]

The Iron Bars have a name: Mr. Steel

[@strictly45s6]

This is true accounting.

[@BrainWrap42]

Was he using a Parker 51 to write out the promissory note?

[@dariowiter3078]

Banking 101.....made simple. 🏦💵💰💳😁

[@mariannehall2686]

A 30 day loan?

[@user39h2j8il]

Anyone else see the bank teller's name... Mr Steel? Freudian slip?

[@mickeybitsko1676]

Boys from Silicon Valley bank missed this

[@robertvideochannel]

professional crime magic. Works every time.

[@lostboy5559]

Not even a single mention of Gold and Silver.....sad..

[@Firewizard23]

We did come off the gold standard in 1971.

[@tiger121372]

does mr Morton have a gun in his briefcase to rob the bank if he doesn't get the loan?

[@shadowwolf7622]

To hell with helping the banks. I have no accounts or loans or credit cards. I pay cash or do without. Everyone should try to do this as much as possible.

[@johnp139]

Shadow Wolf then you are losing money from cash back from credit cards. Are you also wasting money on rent?

[@whyaddnamehere]

So, the business owner wanted to get the 2% off of his bill and his solution was to get a loan that has interest plus fees? Lmao....

[@Thehouseoffail]

The fact they called him Mr. Hamilton is hilarious. What a silly joke.

[@Mr.SLovesTheSacredHeartofJesus]

Why?

[@danacoleman4007]

Usury is a sin

[@benderbendingrofriguez3300]

how come everybody is white?

[@therealxunil2]

Take a guess goofball.

[@charlesyoung9980]

Because nonwhite people are bad credit risks!