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Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club Encased Postage.

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Presentation on theme: "Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club Encased Postage."— Presentation transcript:

1 Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club Encased Postage

2 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

3 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!

4 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

5 Tenino, Washington

6 WARA SCRIP userpage.fu-berlin.de/~roehrigw/fisher/stamp4.html

7 Zylstra Type Scrip Hawarden, Iowa

8 South Haven, Michigan

9 Mason City, Iowa

10 Okmulgee, Oklahoma

11 Carmel-by-the-Sea, California

12 Santa Clara, California

13 Inside of booklet

14 Pilot Rock, Oregon

15 Julesburg, Colorado

16 Golden, Colorado

17 Sterling, Colorado

18 Polk County, Iowa

19 Multnomah County, Oregon

20 Fostoria, Ohio

21 Caslow Private Issue – Chicago, Illinois

22 Mitchell and Shafer Best Reference But new finds are still being made. Web Site depressionscrip.com


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