LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION

LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION

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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 w...

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Bibliographic Details
Main Author: Loren Gatch
Format: Article
Language:English
Published: Economic & Business History Society 2008-06-01
Series:Essays in Economic and Business History
Online Access:http://ebhsoc.org/journal/index.php/ebhs/article/view/191
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spelling doaj-cffe9521951d43bab06434bdd2b12cdf2020-11-25T02:22:59ZengEconomic & Business History SocietyEssays in Economic and Business History0896-226X2008-06-01261LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSIONLoren Gatch 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. http://ebhsoc.org/journal/index.php/ebhs/article/view/191
collection DOAJ
language English
format Article
sources DOAJ
author Loren Gatch
spellingShingle Loren Gatch
LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION
Essays in Economic and Business History
author_facet Loren Gatch
author_sort Loren Gatch
title LOCAL MONEY IN THE UNITED STATES DURING THE GREAT DEPRESSION
title_short 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_sort local money in the united states during the great depression
publisher Economic & Business History Society
series Essays in Economic and Business History
issn 0896-226X
publishDate 2008-06-01
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.
url http://ebhsoc.org/journal/index.php/ebhs/article/view/191
work_keys_str_mv AT lorengatch localmoneyintheunitedstatesduringthegreatdepression
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