Depression-Era Scrip Stamps? It’s a mystery!

For this month’s Mystery Photo, we show you two sides of scrip, a currency Traverse City city leaders issued in 1934, the height of the Great Depression.  This money could be redeemed at many Traverse City businesses in exchange for goods.  At one point teachers were paid in scrip since there was no other money available to them.  The question is—why is the back filled with stamps?  What goal did that accomplish?  Good luck, history buffs!




2 thoughts on “Depression-Era Scrip Stamps? It’s a mystery!”

  1. So, if you had a $1 scrip and only needed to spend 50c. The back would have stamps equivalent to your change? so the next time the scrip was used it would only be worth 50c not the full $1 until all the change was used up indicated by the stamp over the amount.
    I’m looking forward to the answer

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