Penny auction at foreclosed Michigan farm (1936). At penny auctions farmers would conspire to offer low bids, resulting in a low return to the creditor. The final buyer would then return the property to the destitute farmer Hangman nooses served as a warning to squirrely bidders. - Images

Penny auction at foreclosed Michigan farm (1936). At penny auctions farmers would conspire to offer low bids, resulting in a low return to the creditor. The final buyer would then return the property to the destitute farmer Hangman nooses served as a warning to squirrely bidders.

Added on January 12th, 2024 by | Report Post

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