Mar 8th, 2009
Please note all posts have moved to my new blog: Science and Money. Please check it out for the latest ideas.
Creative personal economic stimulus: Roger Babson
Keep Out Of Debt
In the 1930′s, during the last Great Depression, financier Roger Babson personally funded the carving of moralistic slogans into boulders in his boyhood stomping grounds near Gloucester, Massachusetts. By employing several rock carvers, he helped support the local economy. Judging from the messages he chose to carve, he preferred to spread his largesse through employment rather than donations. Sort of a personal WPA project.
Do you think we’ll see such civic support soon?
Photo from The Dacrons.
Affine Tips Feed
[...] Depression-era financier creates make-work project to employ local stone craftsmen. [...]