Simplified for for kids. (Or anyone else who wants to understand this.)
Blaine’s answer to the Great Depression was to make and distribute our country’s First Wooden Nickel that was an answer to a bank that ran out of money. Blaine’s effort to keep the local economy and local people working is to be commended and celebrated. Yes, you can celebrate that idea now by purchasing a locally crafted item today. Take a replica of Blaine’s Wooden Nickel. It represents more than just good luck.
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed.
Wooden nickels helped Blaine weather Great Depression …
Don’t take any wooden nickels did not come from Blaine’s wooden nickel.
