# The Economy of Promises: Trust & Credit in America

In an economy that depends on credit, people have to decide who is trustworthy and will keep their promises, and who is not. 2016 Maguire Chair Bruce Carruthers considers how credit and credit decision-making in the U.S. has developed suring the 19th and 20th-centuries with the invention and spread of credit ratings and scores. These augmented and even replaced older methods that depended on individual reputations and personal relationships, and eventually governed the allocation of consumer and business credit.

- Kind: Talk
- Year: 2016
- By: John W. Kluge Center (library Of Congress)
- Genres: Education, History
- Archive: [Library of Congress](https://www.loc.gov/item/2021690344/)
- Licence or status: Rights statement at the Library of Congress (as the archive states it)
- Credit: Library of Congress
- Who can watch: Tweens profiles and older (the archive gives no rating; placed by Invisible Network from its collection and subjects)

[Watch now](https://invisiblenetwork.ai/watch/archive/loc/2021690344?play=1)