The worst and longest economic downturn in modern times: the Great Depression. This is a pay warrant, issued by the municipal government of Charleston, South Carolina, USA—a sort of government script designed to work around the dearth of circulating currency. Issued by the city of Charleston, South Carolina to pay municipal employees at the height of the Depression, these pay warrants could be exchanged for goods at local shops; merchants would turn them in at set times during the year for cash. The pay warrants ranged from one dollar to ten dollars and accrued interest at an annual rate of four or five percen. The Note: South Carolina Depression Era, pay warrant, $ 1 | Depression Script
South Carolina Depression Era, pay warrant, $1, Depression Script
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