Payment in Clams



When the nation's banks closed during the Depression, Leiter's Pharmacy in Pismo Beach, California, issued this clamshell as change.

The 1929 stock market crash triggered banking panics, as people rushed to withdraw their savings before they were lost. In March 1933, President Roosevelt ordered a four-day bank holiday to prevent further withdrawals. To compensate for the currency shortage, communities created emergency money, or scrip. This clamshell was signed as it changed hands and redeemed when cash became available again.


Source.
     Posted By: Paul - Mon May 16, 2022
     Category: Money | Nature | 1930s





Comments
Why didn't they use sand dollars?
Posted by Yudith on 05/17/22 at 06:07 AM
I mean, come on... cowry shells? Old hat, old hat: https://en.wikipedia.org/wiki/Shell_money
Posted by Richard Bos on 05/21/22 at 12:15 PM









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