Thursday, May 4, 2017

It's Own Currencey

There is just one more thing I wanted to tell you about the department store that I have been talking about in the three previous posts. During the Depression of the 1930s here in the U.S. there was a run on banks. Many of them failing. So the department store printed their own currency.
Sorry about the photo quality-taken through a glass case

They would cash your pay-check giving you part cash and part department store currency. Since the store sold everything you could ever need it was a win win situation for the customer and the department store. I am thinking that this practice was clever marketing.

4 comments:

  1. That was a great solution.

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  2. A good solution, though you are left wondering if it was strictly legal!

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  3. Well I've never heard of that before Janey. You have to give them credit ☺ for their determined efforts to get the customers in and spending!

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  4. That kind of payment and trade would never fly today!

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