The Recession of 1958

1958 Recession USA
Stan Wayman / Time Life Pictures / Getty

Seed Money
The Life team found that many merchants tried to take matters into their own hands. A Hampton, Iowa banker named Dana Bramwell distributed $1,100 in bonuses (represented by the clutch of $1 bills he holds in this photo) to his employees, with the stipulation that they spend it on nonessential items.

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