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ShuRugal t1_j3o7bda wrote

Reply to comment by LongWalk86 in TIL that in 1947, U.S. House Minority Leader Sam Rayburn was gifted a 1947 Cadillac Fleetwood Series 62 from 142 Democratic congressmembers and 50 Republican congressmembers. Each congressmen donated $25 to circumvent Rayburns personal rule of not accepting gifts more than $25. by FranklinDRoosevelt32

not in 1947. The words "Car loan" would have got you laughed out of the bank in that era. After the market crash and banking collapse of the Great Depression, consumer loans of any kind just weren't a thing. The idea of a "car loan" as we know it today didn't take off again until the mid 60s.

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