Idaho was formerly Idaho Territory, until July 27, 1890, when it became the 43rd state. In the 1930s, Idaho suffered a lot economically as as a result of the Great Depression. Prices plummeted for Idaho's major crops: in 1932, a bushel of potatoes was worth only ten cents compared to $1.51 in 1919, while Idaho farmers´ annual income of $686 in 1929 fell to just $250 by 1932.