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230101 Resource 128460 120646 120646 1239114365032 1239114451378 Controlled BerkShares and Detroit Cheers: Local Currencies Attempt to Keep Money in the Community

More than 75 local currency systems at work in the United States

Back during the Great Depression, many communities began circulating their own currencies in order to help local economies and keep business transactions in town. Now this trend is re-emerging as the popularity of local currency systems grows. One of the latest attempts at a local currency is now being used in Detroit. <a title="local currencies, currencies, community currencies, Depression, recession, currency systems, local currency systems, Totnes, BerkShares" target="_blank" href="http://www.detnews.com/article/20090323/BIZ/903230389/Detroit+cash+keeps+hometown+humming">Detroit is now creating a currency known as Cheers</a> to be used at local businesses. Detroit is one of the hardest-hit metro areas in the U.S. due to recession, so it is little wonder that businesses are trying to encourage some sort of spending in the local economy. Detroit follows in the footsteps of other local currencies, such as <a title="local currencies, currencies, community currencies, Depression, recession, currency systems, local currency systems, Totnes, BerkShares" target="_blank" href="http://news.bbc.co.uk/1/hi/england/devon/6230474.stm">Totnes</a> in Britain and <a target="_blank" href="http://www.berkshares.org/">BerkShares</a> in Massachusetts. These communities have been experimenting with local currencies for quite some time. And, while some local currencies were started in order to combat globalism and big box chain stores, now these currencies are springing up in order to combat recession and help boost local economies. 9 application/xml false BerkShares community currencies currencies currency systems Depression local currencies local currency systems recession Totnes More on Local Currencies Local currencies combat the recession http://www.usatoday.com/money/economy/2009-04-05-scrip_N.htm Trade Global Currencies Forex trading with GFT http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.8) Gecko/2009032608 Firefox/3.0.8 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 128460 blog blogsite/GFTForex/web