Sorkin: General Motors introduced consumer car financing in 1919
Andrew Ross Sorkin · 1929 vs 2025: Andrew Ross Sorkin on Crashes, Bubbles & Lessons Learned · Oct 16, 2025 · at 4:17
Andrew Ross Sorkin, author and financial journalist, discusses the historic shift in American credit culture leading up to the 1929 financial crisis.
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“In 1919, General Motors says, you know what, we're gonna start lending people money so that you can buy a car.”
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