Self liquidating scrip money

07-Mar-2020 21:36 by 5 Comments

Self liquidating scrip money

As a result of the interplay of these factors, Indiana's "Summit City" avoided some of the difficulties besetting other urban communities during the Depression.

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Indeed, until early 1933 both local newspapers frequently carried articles claiming that the Depression was less severe in Fort Wayne than elsewhere and that the city's economy was on the verge of recovery.A number of local factors were influential in the case of Fort Wayne, Indiana.These included the condition of the city's economy before the crash, the nature of the local structure of political power, the ideology of the city's business elite, the quality of civic leadership, and the political culture of the community.In contrast, only 5 percent of Fort Wayne's labor force, nearly twenty-five hundred people, had no job in April, 1930.Just over one thousand people, who still had jobs, had also been temporarily laid off.Local relief, based on voluntarist and township aid, had not collapsed.

In this context Fort Wayne offers a particularly interesting example of local response to the Great Depression during the Hoover era.

It had a large pool of skilled and semiskilled labor and could also tap the manpower resources of rural northeast Indiana.

In view of contemporary popular prejudices, the social composition of the Fort Wayne community was also an advantage.

By 1930 Fort Wayne had a population of nearly 115,000, compared with 86,549 a decade earlier.

The prosperity of the whole community had increased steadily during the intervening years, reaching a peak in 1929.

That December Christmas saving clubs held over

In this context Fort Wayne offers a particularly interesting example of local response to the Great Depression during the Hoover era.

It had a large pool of skilled and semiskilled labor and could also tap the manpower resources of rural northeast Indiana.

In view of contemporary popular prejudices, the social composition of the Fort Wayne community was also an advantage.

By 1930 Fort Wayne had a population of nearly 115,000, compared with 86,549 a decade earlier.

The prosperity of the whole community had increased steadily during the intervening years, reaching a peak in 1929.

That December Christmas saving clubs held over $1,100,000 in funds.

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In this context Fort Wayne offers a particularly interesting example of local response to the Great Depression during the Hoover era.It had a large pool of skilled and semiskilled labor and could also tap the manpower resources of rural northeast Indiana.In view of contemporary popular prejudices, the social composition of the Fort Wayne community was also an advantage.By 1930 Fort Wayne had a population of nearly 115,000, compared with 86,549 a decade earlier.The prosperity of the whole community had increased steadily during the intervening years, reaching a peak in 1929.That December Christmas saving clubs held over $1,100,000 in funds.

,100,000 in funds.

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