The Rise and Fall of Local Scrip: Alternative Currencies of the Great Depression

Great Depression-era scrip from Michigan, 1933. Museum of American Finance

Have you ever been so broke that you ended up creating your own currency? It may sound like a crazy idea today, but during the Great Depression multiple communities actually created and circulated their own forms of local currency. And this wasn't a lark -- it was a matter of survival. Listen in to learn more about some of the precedents for the (world-famous) BenBucks.