4 ms·
Similar to company scrip, this reminds me of "Charles Robin and Company" from the Gaspé region of Canada. The company was an exporter of fish that abused its mo
by monkeybutton 5y ago
Similar to company scrip, this reminds me of "Charles Robin and Company" from the Gaspé region of Canada. The company was an exporter of fish that abused its monopoly position in the market. Fishermen were independent businesses but Robin's company was both buying the fishermens' catch (thus setting its price) and also the mortgage lender for the fishing boats (so they controlled their debt too).