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|Date:||3/9/2014 12:25:37 AM
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21.Between 1930 and 1935, nearly 750,000 farms were lost through bankruptcy or sheriff sales.
22.During the Depression, distressed farms were sometimes sold at “Penny Auction” (forced auctions) in which farmers would assure that a distressed neighbor would be able to buy back his own farm by holding bids down to pennies, nickels, and quarters. They would dissuade those who wanted to make higher bids, sometimes symbolically with dangling nooses at the auction scene.
23.The Hawley-Smoot Tariff Act of 1930 increased U.S. tariffs which, in turn, decreased international trade (especially in the farming sector) and helped spread the Great Depression worldwide.j As it spread, it became partly responsible for Nazism in Germany and for WWII (1939-1945).
24.As businesses and farms closed during the Great Depression, an alarming number of Americans began turning to crime—such as Bruno Hauptmann, who kidnapped and murdered aviation hero Charles Lindbergh’s 20-month-old son; John Dillinger, a kind of Robin Hood hero; Lester M. Gillis (“Baby Face” Nelson); Machine Gun Kelly; Pretty Boy Floyd; Ma Barker and her Boys; and the famous Bonnie and Clyde, who were actually despised by other Midwestern bandits who felt they lowered the standard of the profession.
25.A number of great structures, including the Empire State Building and the Golden Gate Bridge, were completed during the Great Depression, providing many jobs to the unemployed.
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