Part 2/11:
The history of Visa dates back to significant technological advancements in the late 19th century. Prior to these developments, daily living involved self-sufficiency, with individuals farming their own food and making their own goods. The advent of innovations such as the telegraph and steam engine ushered in a new era of rapid transportation and communication, expanding economic markets. However, the new consumer goods generated by this revolution posed a challenge; many were unaffordable for the average person. Merchants quickly realized that offering credit could solve this dilemma, allowing consumers to purchase goods by paying over time. This laid the groundwork for the credit system we encounter today.