Deerfield Goes Bankrupt

The 1929 Crash Hits Hard

Still struggling to recover from hurricanes in 1926 and 1928, when the stock market crashed in 1929, Deerfield was hard hit again.

Still a farming community, Deerfield was able to grow crops, but there was no market to sell the crops.

This eventually lead to the City declaring bankruptcy and city workers going without pay for long stretches. Many homes and lots were deserted and sold for only the taxes owed. Eventually the city began to get back to work with help from WPA.

This photo is a WPA project where the city tennis courts are today.