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Penny Auctions During The Great Depression

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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

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