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Coal company scrip paid to miners often left them deep in debt - ADP ReThink Q
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The Banking Vault on Instagram: "One of the most overlooked instruments of control in the early United States was company scrip, a private currency that allowed corporations to function like miniature states. In the late 19th and early 20th centuries, mining, lumber, and railroad companies paid workers not in dollars, but in tokens redeemable only at company-owned stores. On the surface, scrip solved logistical problems in remote areas where cash was scarce. In reality, it created closed economi
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