ipl-logo

Penny Auctions During The Great Depression

430 Words2 Pages

Penny Auctions Penny auctions during The Great Depression was an institutional event. They caused loss and hate towards farmers. Farmers also showed anger to others which caused danger. The auctions caused and formed many problems for the society. Penny auctions may not seem important because they really aren’t but if you want to know why farms turned into national factories, you should read about this. With the Depression came the loss of money which made it extremely hard for farmers to survive. Hardly any farmers had running water and most had no sanitary water source at all (. The prices for produce was very low which made it even harder to afford any supplies. Over time rail roads opened markets that sold farm products, but hardly any of the money went to the farmers. Throughout out this time, families lost their land without a heads up. Money was insanely low for producers for that, they struggled. Some “families only earned nine cents a day” (The Depression for Farmers 1), some didn’t receive any money at all. Farmers were unable to pay off their loans. As farmers were not needed as much, property prices lowered. Small town banks were shut down in this mess. In one year thirty-six hundred banks shut down. Farmers failed to pay loans and made fewer payments. Because of this, the farmers …show more content…

“The hard times that began in the mid-1920’s led to what was arguably the most violent agricultural movement in U.S. history” (Penny Auctions 1). People who out bided others received gibe or violent punishments from peers. Farmers were very expressive when it came to anger. They threatened, harmed, or yelled at anyone who infuriated them. Producers were not afraid to show how they felt. The violence increased as the years went on. Farmers were very sensitive when it came to money and property costs. If the bids were too low for a person’s wanting, the farmers would intimidate the people who bit by physically threatening

Show More
Related

Similarities Between Upton Sinclair's The Jungle: The Pure Food And Drug Law

1378 Words | 6 Pages

During the depression, agricultural product prices continued to drop. When Roosevelt became president, one of the first issues he addressed was the “farm problem.” He would go and visit these poor farmers and promise some type of change. Roosevelt created the Agricultural Adjustment Act of 1933, which brought immediate change and provided crop reduction. This Act paid farmers not to plant, in exchange for cash payments.

Read More

Cinderella Man And The Great Depression

598 Words | 3 Pages

Want to know about the Great Depression? Now I will tell you about it. It was a bad time in the Untied States. This movie mirrors the 20’s till even now, life was good on the surface but the great depression was rumbling underneath.

Read More

Effects Of 1999 Dbq On Agriculture

596 Words | 3 Pages

Out of everything that changed agriculture, the increasing economic difficulty was arguably the most powerful. With so many farms, the amount of produce rose while the prices of produce fell, in some cases, like with Cotton, prices fell over ⅛ of the original price (Doc A). Because of the extremely low prices, as low as 10 cents in some places, some farmers did not make enough to survive and promptly went out of business. Even with groups like the the Farmer's Alliance defending smaller farmers by pooling together resources and money in

Read More

How Did Ww1 Affect The Economy

525 Words | 3 Pages

During World War 1, the demand of food was high. The US provided for not only their own soldiers, but also those of other nations, and even the civilians in the rampaged neighborhoods. The farmers had confidence and used the income from the government to buy more land and machinery on credit. Banks supported the farmers while the industry boomed. When the war came to an end, the demand dropped but the supply rose.

Read More

Pros And Cons Of The Treaty Of Paris

574 Words | 3 Pages

1783 Treaty of Paris After the Treaty of Paris, it surged a variety of issues that the United States will have to face made realized the government that it was not enough prepared and did not had the de correct equipment to face them. In addition, the shortcomings of the government created by the Articles of Confederation leaded attention to form a new plan of government to substitute de system of the Articles. 1785 George Washington invited the representatives from the state of Virginia and Maryland at Mount to discuss trade controversies and conflicts between the two states and try to propose solutions for the trade problematic. Dangers and Unrest

Read More

How Did The Great Depression Affect The Braddock Family

524 Words | 3 Pages

To begin, the Great Depression took a great toll on the typical American man. Many got fired from their jobs causing unemployment. It was almost impossible to get another job so they were stuck living with no money at all. Not having money caused most men to struggle with bills. Because they couldn’t pay bills they went into debt.

Read More

How Did The Dust Bowl Affect The Lives Of White Farmers In The 1930's

866 Words | 4 Pages

In the article The Balance, “The farmers could not profit of the little crops that they had due to deflation.” Since they could not profit off their crops they had a very hard time living there lives. There kids sometimes had to drop out of school because their parents could not afford to hire help. This made children lose out on learning time, causing them to have lost a lot of valuable knowledge. On the web page US History, the article about Farmers Lives In The 1930’s, says, “More than one out of five farmers was on financial aid, because they could not make any money by selling their crops.”

Read More

New Deal Dbq

667 Words | 3 Pages

The stock market crash caused a chain of events that ended with 13 million unemployed Americans. Herbert Hoover the current president believed that the economy would fix itself. Hoover’s economic plan was to use the trickle down system, meaning that if the money started at the top it would trickle down to the bottom. His hope was that if he gave money to the federal government they would give money to businesses, businesses would create jobs, and the workers with these jobs would spend money. However, that didn’t happen and by the end of his term many people criticized him for the little involvement he put into ending the depression.

Read More

What Groups Were Affected By The Great Depression

681 Words | 3 Pages

Great Depression The great depression has been considered one of the worst economic downfalls in history, due to many different reasons. This economic depression affected many people now in different ways but all because of the same reason. Some of the groups affected by this turmoil were the farmers, wage workers, and the labor unions. All three of these groups of people were affected by the depression in a few ways each with a negative outcome.

Read More

How Did The New Deal Act Of The 1930s

151 Words | 1 Pages

The New Deal Acts of the 1930s were critical for farmers and agriculture as a whole. Unquestionably farmers struggled the most during the Great Depression along with the Dust Bowl, to make things worse. New Deal Acts such as the Agricultural Adjustment Act and the Soil Conservation and Domestic Allotment Act made it possible for agriculture to gradually recover overtime. When the drought began, farmers were losing their way of life by not being able to farm. Before long, they went bankrupt after spending money on new technologies after coming out of a golden age of weather.

Read More

Populist Movement: Success Or Failure

606 Words | 3 Pages

Populists faced many problems in the economy, these problems affected the farmers financially and economically. Consequently,

Read More

Farmers's Response To Industrialization In The Gilded Age

1456 Words | 6 Pages

Most farmers struggled to make a living due to key issues. There was often a high tax on railroads which had cut a large profit from the farmers. The farmers had no other option other than the railroad since the farmers were often very far off westward in the Great Plains, while the market with a large population was still in eastern cities like New York. Likewise farmers had to pay a middle man in the East to sell their commodities in the East, because the poor farmers were unable to travel all the way to the East to sell their products then come back to start farming for the next year. Surprisingly, farmers were often detrimental to themselves due to

Read More

The Dust Bowl And The Great Depression

144 Words | 1 Pages

While the great depression and the Dust Bowl contributes to the downfall of the “Okies” the problems for the farmers started many years before that. During World War I food supplies were in demand due to the closed European markets, farmers were compelled to invest heavily to invest in land and machinery to meet the demand of the market. Once the war was done the prices of their crops dropped significantly which left the farmers unable to repay the hefty loans they took out from the banks. Therefore while the economy was booming before the great depression at the end of the 1920’s, farmers were experiencing very harsh times and had their assets and land seized by banks and private sectors. Like the Joads, they were evicted from their land and

Read More

Personal Narrative: The Great Depression

671 Words | 3 Pages

I felt like that was the best purchase of all my life. But for the farmers is was not the best time. They made so much food that they were losing money and not gaining it. The increased food supply created low food prices. Farmers had difficulty making ends meet with the low prices of food and high rates of debt for new motorized machinery.

Read More

Stock Market Failure

718 Words | 3 Pages

The Plains were the hit hardest. With no rain, farmers couldn't grow any crops; no crops meant that the wind blew bare soil high in the air creating dust storms. School was canceled because of dust storms. Farmers in trouble because of the bad economy were forced to give up and move out of the plains looking for work. The New Deal worked frantically to provide relief and to get farmers to conserve their soil.

Read More

More about Penny Auctions During The Great Depression

Related Topics

Open Document