Revista en línea de historia
Wed, Apr 01, 2020
Trade Warrants in Depression Era Santa Cruz
By Frank Perry
This article is part of the MAH’s Online History Journal, a collection of original research on local history. Dive deep into Santa Cruz County history in this ever- growing forum and start creating your own.
Santa Cruz has not felt the depression so keenly as have numerous other California cities. . . Without so severe a problem to meet here, it would be well to be very careful about trying any plan of this sort. … Santa Cruz Sentinel, 1933
Introduction
What is a cash strapped city to do in order to provide payment to workers? In the 1930s Santa Cruz began a warrant program, more commonly known as “script.” The motivation was to provide jobs to reduce the number of unemployed, fund local public works, and increase trade at participating businesses.
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Keep ReadingHow did trade warrants served as an example of ingenuity during a time of economic hardship?