StudentShare solutions
Triangle menu

Buying Stuff Online and How Your Credit Card is You - Essay Example

Not dowloaded yet

Extract of sample
Buying Stuff Online and How Your Credit Card is You

That said, there are issues with credit, including the fact that credit is often abused and there is also the risk of identity theft. That said, since credit is inextricably bound with the rise of consumerism, credit is very important to society and is not likely to recede anytime soon. This paper will explain how consumerism came about, how globalization and online purchasing has changed how people buy stuff and use credit, and what the dangers are of credit. Evolution of the Economy The economy has been evolving continually, from a period of time before mass production, to mass production, to globalization. The economic realities during the 19th Century, before the advent of mass production, was that a Puritan ethos prevailed. This means that housing was sparse, money was not spent on non-necessities, such as jewelry, eating and drinking well, and fine clothing (Bocock, 2000, p. 8). This all changed with Henry Ford. Henry Ford was the father of consumerism, because, under Ford, workers were paid better. Because workers were paid better, they had more purchasing power. Because workers had more purchasing power, there was more demand for products. Consumerism was the result of this cycle (Gabriel & Yang, 1995). Suddenly, it was not just the rich who were able to consume products which were non-necessities, but everybody could (Gabriel & Yang, 1995, p. 10). ...
This changed by the middle of the twentieth century, however, in that, by this time, only one third of a British family's income was spent on food (Gabriel & Yang, 1995, p. 12). With mass production came branding, and the individual's desire to purchase products with labels and designers. This was because mass production meant that similar goods were flooding the marketplace. Companies had to stand out amongst the competition. This was the beginning of competitive branding, as different designers and labels emerged, and these designers and labels lent an air of prestige to the products. For example, designers such as Ralph Lauren and Tommy Hilfiger made names for themselves, and they were able to charge a premium for their products, because their products carried this extra prestige (Klein, 2000, p. 6). Gender issues emerged during this period. The men were busy making money, and the women were busy spending the money, so the women were the ones that the marketers targeted in the era of consumerism that predated the rise of feminism (Kacen, 2000, p. 347). This all changed in the post-modern society, as consumption became a part of everyone's identity, both male and female. In the post-modern society, according to Kacen (2000), people constructed their identity with brands, figuring out who they are by the brands that they buy. The person's identity became fluid, as the person might go from being a punk, preferring to buy products that would go along with that image, and then the same person might choose a look that is more of a preppy image, and buy products that suit that image. Brands play a part in this identity construction, as well, because certain brands are popular with different segments of society, so choosing certain ...Show more

Summary

Introduction Credit cards represent a very important backbone for modern society. Part of the reason for this is because easy credit has led to the rise of mass consumerism, and has enabled every individual to be able to afford items that were only within reach to the wealthy…
Author : margaretestroma
Buying Stuff Online and How Your Credit Card is You essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Buying Stuff Online and How Your Credit Card is You"
with a personal 20% discount.
Grab the best paper

Related Essays

Customer behaviour towards online shopping
This paper is being carried out to determine the factors that influence customers toward online shopping websites optimized to achieve the marketer's aims and provide benefits for the retailer; to identify more of British consumers’ attitudes toward online shopping in the frame of e-marketing and how that confidence is derived; to investigate how the demographics and social issues play roles in customer trust.
62 pages (15500 words) Essay
New CARD ACT credit card laws
In the United States, the score is used by security agencies when accessing and examining the financial records of citizens (Schultz, 2010). As a rule, the numeric information is presented in monetary terms at the national, State and communal level. The values of the score vary from 300 to 850, a score below 500 indicates a low risks.
6 pages (1500 words) Essay
Credit Card Debt
No, she's not hanging around with the wrong crowd, suffering from a medical ailment, or experimenting with drugs. Instead of studying, Leesa has been busy working at a minimum wage job just to pay her mounting credit card debt. B. Thesis Statement: It may sound outrageous, but student credit card debt can lead to academic failure as well as a lifetime of ill health, and students should complete a course in credit management before applying for a credit card.
4 pages (1000 words) Essay
Stop That Credit Card Could Kill You
If she does make it through school, her employment prospects will be grim due to her poor credit history. Leesa's debt may also result in a lifetime of ill health or even suicide. Though it may sound outrageous, mismanaged credit is a major enemy to college students and carries with it a lifetime of hardship.
2 pages (500 words) Essay
Credit Card
The author states that a large credit card debt and poor repayment history will follow the student and complicate their employment chances. While almost any job entails access to computers, sensitive files, and financial transactions, employers are naturally reluctant to hire anyone who may be perceived as a credit risk.
2 pages (500 words) Essay
Discuss the future of cataloguing, resource description, indexing and abstracting, and evaluate how this will impact the role of information professionals
There are many libraries that have plenty of information for the end-users and through their access other researches can be formulated
10 pages (2500 words) Essay
Credit card fruad
The study is an investigation of the status of credit card fraud as it is perpetrated in the United Arab Emirates. The various types of credit card fraud and the manner by which they are carried out are related,
80 pages (20000 words) Essay
Credit card
her degree in any university and to the best of my knowledge and belief, contains no material previously published, written, or produced by another person, except where due reference is made in the text. The study is an investigation of credit card fraud countermeasures as it
60 pages (15000 words) Essay
Analysis of Credit Card Debt
Hint: You’ll need to find the total interest for the year first Consider one of your credit cards. What is the balance? How is the minimum monthly payment determined? What would be the minimum
1 pages (250 words) Essay
My father credit card
This is a situation that has a lot of factors. Firstly, the issue of trust has been violated as the student has taken something that ultimately does not belong to him. Secondly, the issue of honesty comes up as the choice has to be made as to whether this student
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation