S.M. Welch Recollections of Buffalo 1830–40 354: A kind of goods were manufactured [...] for men’s clothing, adapted for and called ‘Hard Times,’ a mixed cloth, of black and white or grey and black, spun and woven of coarse, loose thread, presenting the appearance of heavy wool mixtures, which was really nothing but a sort of cotton shoddy, and sold for twenty-five cents per yard.at hard times (n.) under hard, adj.