LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION
The Great Depression in the United States produced a great outpouring of local currencies as responses to various aspects of the economic crisis. This article describes the basic types of scrip in use, assesses their legality and theoretical justification, and ventures some generalizations as to wha...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Economic & Business History Society
2008-06-01
|
| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/191 |
| _version_ | 1819127263663226880 |
|---|---|
| author | Loren Gatch |
| author_facet | Loren Gatch |
| author_sort | Loren Gatch |
| collection | DOAJ |
| description | The Great Depression in the United States produced a great outpouring of local currencies as responses to various aspects of the economic crisis. This article describes the basic types of scrip in use, assesses their legality and theoretical justification, and ventures some generalizations as to what sorts of scrip worked best. It argues that the widespread use of local scrip was not motivated by any systematic analysis of the shortcomings of the national economy, or of its monetary system. Rather, the scrip movement represented eclectic responses to specific economic problems created by the Depression. |
| first_indexed | 2024-12-22T08:09:09Z |
| format | Article |
| id | doaj.art-a1dfded325a048ebbb646c2d97fb3017 |
| institution | Directory Open Access Journal |
| issn | 0896-226X |
| language | English |
| last_indexed | 2024-12-22T08:09:09Z |
| publishDate | 2008-06-01 |
| publisher | Economic & Business History Society |
| record_format | Article |
| series | Essays in Economic and Business History |
| spelling | doaj.art-a1dfded325a048ebbb646c2d97fb30172022-12-21T18:33:04ZengEconomic & Business History SocietyEssays in Economic and Business History0896-226X2008-06-012614762191LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSIONLoren GatchThe Great Depression in the United States produced a great outpouring of local currencies as responses to various aspects of the economic crisis. This article describes the basic types of scrip in use, assesses their legality and theoretical justification, and ventures some generalizations as to what sorts of scrip worked best. It argues that the widespread use of local scrip was not motivated by any systematic analysis of the shortcomings of the national economy, or of its monetary system. Rather, the scrip movement represented eclectic responses to specific economic problems created by the Depression.https://www.ebhsoc.org/journal/index.php/ebhs/article/view/191 |
| spellingShingle | Loren Gatch LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION Essays in Economic and Business History |
| title | LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION |
| title_full | LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION |
| title_fullStr | LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION |
| title_full_unstemmed | LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION |
| title_short | LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION |
| title_sort | local money in the united states during the great depression |
| url | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/191 |
| work_keys_str_mv | AT lorengatch localmoneyintheunitedstatesduringthegreatdepression |