Self liquidating scrip money

They do, however, offer the opinion that there was "too much scrip." But was it simply a matter of too much scrip? It begs the question, "too much in relation to what?" Examination of the inscription on the face of the scrip makes several things apparent: 1. Stamps were "procurable from Distributor (Caslow) or contracted agents." 3.Around

They do, however, offer the opinion that there was "too much scrip." But was it simply a matter of too much scrip? It begs the question, "too much in relation to what?" Examination of the inscription on the face of the scrip makes several things apparent: 1. Stamps were "procurable from Distributor (Caslow) or contracted agents." 3.Around $1,000,000 was issued, and very little redeemed.After about two years, Caslow suspended publication of his newspaper and closed up shop." The obvious question which this story raises is, "What went wrong with Caslow scrip?Much has been written about the nature and causes of the Depression, which need not be repeated here, but for those for whom the event is too remote in time to have much meaning, we will attempt a brief summary.The Great Depression was world-wide in scope, but it was particularly severe and long-lasting in the United States(34).There is no mention of how the funds obtained from the sale of stamps were to be administered.

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They do, however, offer the opinion that there was "too much scrip." But was it simply a matter of too much scrip? It begs the question, "too much in relation to what?

" Examination of the inscription on the face of the scrip makes several things apparent: 1. Stamps were "procurable from Distributor (Caslow) or contracted agents." 3.

Around $1,000,000 was issued, and very little redeemed.

After about two years, Caslow suspended publication of his newspaper and closed up shop." The obvious question which this story raises is, "What went wrong with Caslow scrip?

,000,000 was issued, and very little redeemed.After about two years, Caslow suspended publication of his newspaper and closed up shop." The obvious question which this story raises is, "What went wrong with Caslow scrip?Much has been written about the nature and causes of the Depression, which need not be repeated here, but for those for whom the event is too remote in time to have much meaning, we will attempt a brief summary.The Great Depression was world-wide in scope, but it was particularly severe and long-lasting in the United States(34).There is no mention of how the funds obtained from the sale of stamps were to be administered.

As for himself, he demanded cash for advertisements in his newspaper." Why did a currency which enjoyed such widespread and strong support turn sour?Mitchell and Shafer do not provide enough of the details about its issuance or redemption to fully answer the question.One of these "stop-gaps," which was intended to address the problem of the dearth of currency in circulation, was the issuance of "scrip." History is full of examples of successful local initiatives aimed at providing exchange media, but the Great Depression of the 1930's saw this done on an unprecedented scale.There were literally hundreds of scrip issues that were put into circulation by a variety of agencies, including state governments, municipalities, school districts, clearing house associations, manufacturers, merchants, chambers of commerce, business associations, local relief committees, cooperatives, and even individuals.

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