September 28, 2011 | Filed under: News | Posted by:
Article by WN.com Correspondent Dallas Darling. Standing and watching a bulldozer demolish a foreclosed home made me think back to my grandfather. After returning from World War One, he bought a small farm. Like many other farmers between World War I and the Great Depression, my grandfather believed the promising future as foretold by wealthy monopolists and investors. They encouraged millions of farmers to apply for loans in order to plant more crops and raise more livestock to feed a recovering Europe. Over-investing in the land not only led to indebtedness to banks and powerful financial institutions, but it made things worse during the Dust Bowl. It was then that my grandfather, like…
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on September 28, 2011. Filed under