What Christmas cash scheme from the Great Depression tells us about money

Quick Summary:

American chambers of commerce today will still issue a form of dollar scrip they call “booster bucks” or “chamber bucks” or “Christmas cash”.

By December, a Pathé film crew had added a story about the Hawarden scrip to its newsreel.

The city of Hawarden paid out its scrip as a stimulus, to men gravelling the road from Central Avenue to the cemetery for example.

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Article Details

Author / Journalist: Brendan Greeley

Category: MarketsFinanceInvesting

Markets: United States

Topics: Financial Scrip Began Christmas 1932 Dollar Hawarden Hawarden’s Town Money Winter

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 05:00:19 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 868 words

Reading Time: 5 minutes read

Sentences: 46 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24572945

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 23 hours ago

Coverage Areas: United States

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