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Hire purchase. A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.
A rent party (sometimes called a house party) is a social occasion where tenants hire a musician or band to play and pass the hat to raise money to pay their rent, originating in Harlem during the 1920s. These parties were a means for Black tenants to eat, dance, and get away from everyday hardship and discrimination.
Morris Plan Banks were part of a historic banking system in the United States created to assist the middle class in obtaining loans that were often difficult to obtain at traditional banks. They were established by Arthur J. Morris (1881–1973), a lawyer in Norfolk, Virginia , who noticed the difficulty his working clients had in getting loans.
When someone mentions the 1920s, you might picture one of two extremes. One is the classic "Roaring 20s" image, with flappers in bucket hats and the decadence of F. Scott Fitzgerald's "The Great...
[155] The international influences which had sparked a great many reform ideas likewise continued into the 1920s, as American ideas of modernity began to influence Europe. [156] There is general agreement that the Progressive Era was over by 1932, especially since a majority of the remaining progressives opposed the New Deal. [157]
Fast-forward 100 years to news that was eerily similar. The first coronavirus cases were reported in China just before the dawn of a new decade, and the pandemic continues, having killed an ...
At least five times since 1976, college sports leaders deeply examined a football playoff only to abandon the idea for various reasons — the influence of anti-playoff executives from lucrative ...
In 1933, Paramount Pictures released a college campus musical film titled College Humor with Bing Crosby, Jack Oakie, George Burns and Gracie Allen. A radio variety program titled College Humor aired on the NBC Red radio network on Tuesday nights in 1941, sponsored by the Raleigh Tobacco and Cigarettes division of the Brown & Williamson Tobacco Company.
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