In 1958 BOAC launched transatlantic jet airliner service. Banks and other businesses started thinking globally. Among the enthusiasts was Irving Trust. The Irving called attention to its global banking aspirations with a series of colorful ads, including this one from just fifty years ago.
Picture similar traditional costumes on children of the world. Disney did, and the result opened in the Pepsi pavilion at the 1964 World's Fair: "It's a small world after all, it's a small world after all . . ."
In today's global village, businesses large and small routinely operate internationally. Yet the financial side of global life remains inefficient, cumbersome and expensive.
How come a credit card issuer considers it business as usual to charge me an extra three percent if I'm rash enough to charge something in pounds or pesos?
How come the Euro Bloc can't seem to keep its act together?
Shouldn't we be able to do better in the 21st century?