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A little violence can sometimes work to defend against predatory bankers. Consider the farmers of Le Mars, Iowa. The year was 1933, the height of the Great Depression.
A finance bubble on Wall Street had crashed the economy, the gears of industrial production had ground to a halt, and 13 million Americans had lost their jobs. Across the Corn Belt, farmers couldn’t get fair prices for milk and crops, their incomes plummeted, and their mortgages went unpaid. Seeing opportunity, banks foreclosed on their properties in record numbers, leaving the farmers homeless and destitute.
So they organized. Under the leadership of a boozing, fist-fighting Iowa farmer named Milo Reno, who had a gift for oratory, several thousand farmers across the Midwest struck during 1933, refusing to sell their products. “We’ll eat our wheat and ham and eggs” went the popular doggerel of the movement.