Posted by Dick2 on March 06, 2016 at 21:39:39 from (71.209.128.145):
In Reply to: Trying times ahead!!! posted by JD Seller on March 06, 2016 at 20:11:22:
My Dad & Mom talked a lot how tough it was during the depression. I was born in the middle of it so I got to live the last years of it myself.
Farm foreclosure auctions were numerous. Finally the governor started sending out the national guard to stop the auctions. Then the farmers organized "penny auctions". The other farmers wouldn't bid and watched the crowd to make sure no one else bid, so the farmer being foreclosed on could buy all of his property back for one penny per item.
The big farmers in those days just used numerous units of small equipment to farm with, (There wasn't any big equipment back then). When the banks foreclosed on the big farms, the small farmers had little or no money to bid on anything. The banks started setting out jugs of whiskey behind the outbuilding, to get the farmers to bid on the equipment!
I wonder how the younger generation today will be able to adjust to tough times after the somewhat extravagant lifestyle that they have lived all of their lives. It is liable to be a big comedown for them!
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