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Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club

Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club Encased Postage 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

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Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club

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  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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