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Published byDeborah Washington Modified over 9 years ago
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Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club Encased Postage
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Banking Holidays By March 1, 1933 14 States closed banks March 6 Roosevelt called National bank holiday Payrolls could not be met Many banks never reopened Those that did reopen had shortage of small bills and coins
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What will we do for money? Before March 6 about 400 communities were already using emergency money After March 6 there was a flood of scrip Scrip took many forms!
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Depression of 1930-1934 12 Million unemployed 5000 bank failures 1930-32 People not paying taxes Cities unable to borrow money Run on money from solvent banks Acute shortage of coins and small bills
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Tenino, Washington
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WARA SCRIP userpage.fu-berlin.de/~roehrigw/fisher/stamp4.html
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Zylstra Type Scrip Hawarden, Iowa
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South Haven, Michigan
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Mason City, Iowa
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Okmulgee, Oklahoma
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Carmel-by-the-Sea, California
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Santa Clara, California
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Inside of booklet
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Pilot Rock, Oregon
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Julesburg, Colorado
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Golden, Colorado
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Sterling, Colorado
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Polk County, Iowa
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Multnomah County, Oregon
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Fostoria, Ohio
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Caslow Private Issue – Chicago, Illinois
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Mitchell and Shafer Best Reference But new finds are still being made. Web Site depressionscrip.com
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