Some cities are launching their own currency to boost local business

The video discusses the concept of local currencies, using Lewis in Sussex as an example. Local currencies like the Lewis Pound aim to keep money within the local economy by acting as vouchers for local businesses. They are seen as environmentally friendly and a counter to globalization. The video also explores the potential for local currencies in larger cities like Birmingham, highlighting the success of the Bristol Pound. The idea aligns with regionalism and localism, suggesting it could be a popular political move.

What is the primary purpose of the Lewis Pound?

• To keep money within the local economy

• To act as a legal tender

• To replace the British Pound

• To be used internationally

How do local currencies contribute to environmental sustainability?

• By promoting online shopping

• By encouraging the use of plastic money

• By reducing the need for transportation

• By increasing international trade

Which city was the first to introduce a local currency in 2012?

• Birmingham

• Bristol

• Lewis

• Exeter

What is a potential benefit of introducing a local currency in a large city like Birmingham?

• It would decrease local business support

• It would eliminate the need for national currency

• It could strengthen regionalism and localism

• It would increase globalization

What is a common criticism of globalization mentioned in the transcript?

• It has not been beneficial for everyone

• It has reduced corporate influence

• It has benefited everyone equally

• It has led to increased local business