An Examination of the Credit Card Industry in the United States

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The credit card industry has suffered as a result of the global recession which started in 2008. The writer is a good overview the industry, including a comprehensive history of the development and use of credit cards, before looking at the current industry structure, and the impact of economic influences as well as political influences on general operations as well as profitability of the industry. Porters Five Forces framework is been utilized to examine factors present in 2010. Ten sources are cited in the bibliography this ten page paper.