Scrip
Charles Edward Thomas
Gebundenes Buch

Scrip

How the Coal Companies Impoverished Harlan County

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In 1910, the L&N pushed its railroad into remote Harlan County, Kentucky, opening access to billions of tons of coal, the fuel that ran everything during the Industrial Revolution. Coal did it all. Streetlights from coal gas, coke for the steel mills, power for the new national electrical grid. The country's richest men and largest corporation rushed in—Ford Motor Company, US Steel, Chicago Edison, International Harvester, Peabody Energy, the Mellons, the Carnegies, bringing with them a system they had perfected: Scrip. What if you didn't have to pay your workers? Not really, not in cash? Wh...