Detroit Community Scrip

Detroit Community Scrip
Detroit Community Scrip
User(s) Businesses in Detroit, Michigan
Pegged by US Dollar
Symbol Cheers, $
Nickname Detroit Cheer
Banknotes
Freq. used 3
Central bank Detroit Cheers Governing Board
Printer Unknown
Detroit Community Scrip, 3 Cheers.

Detroit Community Scrip, also called Detroit Cheers, is a local currency scrip in Detroit, Michigan.[1][2] Modeled upon the provincial dollars that were used during the Great Depression, it is being used to restore local economic confidence in a city that has an unemployment rate of 22.2%.[3][4] The Cheers are backed by US currency and are fully exchangeable for an equal amount of U.S. dollars, backed by several Detroit businesses.[5] There are currently $4,500 worth of cheers in circulation. Businesses can sign up to be "Reserves" and print scrip after depositing a matching amount in U.S. dollars and then be entitled to print Cheers.[6] Currently, there are four Reserves, the first was the Motor City Brewing Works[7] More than 25 businesses have signed up to accept Cheers,[8] but many others informally accept them.

Design

Cheers are available in only the $3 denomination. The standardized face of the Cheer features the Spirit of Detroit over the Detroit Skyline. The back of the bill is designed by the issuing business and can vary.[9]

References

A detailed discussion about the history and workings of Detroit Cheers can be found at http://www.modeldmedia.com/features/detroitcheers18809.aspx. also http://michigancoinclub.org/Cheers.html

  1. ^ USA Today, Communities print their own currency to keep cash flowing, http://www.usatoday.com/money/economy/2009-04-05-scrip_N.htm?loc=interstitialskip
  2. ^ CNN, Some communities are printing their own currency, http://www.cnn.com/2009/LIVING/wayoflife/04/22/printing.own.currency/index.html
  3. ^ Detroit News, Detroit cash keeps hometown humming, March 23, 2009.
  4. ^ What is Backing the New Detroit Cheers Community Currancy? Main Street Cash, http://www.mainstreetcash.org/?p=606
  5. ^ Detroit News, Detroit cash keeps hometown humming, March 23, 2009.
  6. ^ Detroit Cheers, http://www.detroitscrip.org/index.htm
  7. ^ Detroit Scrip Current Detroit Reserves, http://www.detroitscrip.org/Reserve%20Locations.htm
  8. ^ Retailer Locations, http://www.detroitscrip.org/Retailer%20Locations.htm
  9. ^ About Detroit Community Scrip, http://www.detroitscrip.org/About%20Detroit%20Cheers.htm

Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Scrip — issued by the Capitol Hill Baby Sitting Co op, worth ½ hour of babysitting time. Scrip is an American term for any substitute for currency which is not legal tender and is often a form of credit. Scrips were created as company payment of… …   Wikipedia

  • Detroit — Motor City redirects here. For other uses, see Motor City (disambiguation). This article is about the city in Michigan. For other uses, see Detroit (disambiguation). Detroit …   Wikipedia

  • Laona (community), Wisconsin — Infobox Settlement official name = Laona, Wisconsin settlement type = Unincorporated community nickname = motto = imagesize = image caption = image mapsize = 250px map caption = Location of Laona, Wisconsin mapsize1 = map caption1 = subdivision… …   Wikipedia

  • Jerome, Pennsylvania — Jerome is a census designated place (CDP) in Somerset County, Pennsylvania, United States. The population was 1,068 at the 2000 census. It is part of the Johnstown, Pennsylvania Metropolitan Statistical Area. Jerome is part of the municipality of …   Wikipedia

  • Labor spies — are persons recruited or employed for the purpose of gathering intelligence, committing sabotage, sowing dissent, or engaging in other similar activities, typically within the context of an employer/labor organization relationship.Some of the… …   Wikipedia

  • Pennsylvania — This article is about the U.S. State of Pennsylvania. For other uses, see Pennsylvania (disambiguation). Pensilvania redirects here. For the town in Colombia, see Pensilvania, Caldas. Commonwealth of Pennsylvania …   Wikipedia

  • Coin collecting — This article is about a hobby. For the scientific study of currency, see Numismatics. Numismatics Terminology …   Wikipedia

  • Kalamazoo College — Infobox University name = Kalamazoo College motto = Lux Esto ( Be Light ) established = 1833 type = liberal arts college endowment = USD $152 million [ [http://colleges.usnews.rankingsandreviews.com/usnews/edu/college/directory/brief/drglance… …   Wikipedia

  • Ludlow Massacre — Photo, Ludlow Tent Colony, prior to the Ludlow Massacre. Caption reads: THE COLORADO TENT COLONY SHOT UP BY THE MILITIA, Ludlow, a canvas community of 900 souls, was riddled with machine guns shooting 400 bullets a minute. Then the tents were… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”