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During the Great Depression, my grandfather was a small town sheriff. When many were out of work, he had a job. The same is true for teachers. When he had the cash, others did not. So he bought up a music store, a well drilling business, and several apartments which were foreclosed. Having the cash is the key. If you have cash, you have power. Power to buy what others cannot own. He bought, bought, bought...The KEY is....be debt free, have as much cash as possible, and then buy wisely. People will always need basics.
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What is the cost of goods and services in New Zealand during the great depression?
New Zealand suffered during the Great Depression because the New Zealand economy relies largely on exports. During the depression there was no demand for any of the products we have to export, and therefore there was no circulation of money.
How did Argentina get out of the great depression?
Argentina deals with a 12 year cycle of economic depression. This makes them more accustomed to being able to cope with economic downturns. Natural habits bring the country back on its feet.
What was life like as an unemployed person in the Great Depression?
The major crash of the stock marketin Wall Street, and bank failures, factors contributing to the great depression, had much impact on many countries and and its people, Australia being one of them. Many were left with no jobs, and no jobs means no money, no money means no food, no home. 1932 was the worst year of the depression for Australia, and it was a time of desperation; unemployed people became beggars, were traumatised, accepted any kind of job, went through poverty, divised short term solutions that didn't last long, men were laboured, people who did occupy a job were underpaid, people sold their possessions, their land, lived in camps, worked in unpleasant sweatshop conditions, fled before rent/board pay was due and had rations. These were coupons or tickets, used in exchange for food; milk, bread and cereal. THis time was known to Australians as 'living on the susso'. Many were left homeless. It was an awful time and hopefully it won't happen again.
What happens during inflation?
Too much money chases too few goods. So the price of everything goes up.
What is great about being a teenager in south Africa?
You are one with the nature. You can see a lot of things that people pay a lot of money for, for free.
How much money did people make during the Great Depression?
Nothing they where jobless
How could people pay for their houses during the great depression?
by raising money
What was the biggest problem during the Great Depression?
=The biggest change during the great depression was the way money is handled. The way money was handled was way different then it is now.=
What problems did people have during the Great Depression?
No Jobs,No money,no Housing,No food,and no vehicles :(
How did people during the Great Depression lose money?
MILLIONS From rich people, and por people lost everything.
Why did banks fail during the great depression?
People kept on getting money after money and the bank didn't have any more money to give out
What did money have to do with the Great Depression?
The great depression was a time where many people could not make much money, and it was hard to make money.
Why did so many people end up homeless during the Great Depression?
So many people ended up homeless during the Great Depression becuause they lost there jobs and had no money.
How can I make an alphabet book of the Great Depression when I can't find a word that starts with Q?
How about this? During the Great Depression, people learned that the QUALITY of life did not depend on how much money they had.
How did blacks earn money during the great depression?
they loved them
What were some struggle during the Great Depression?
The Great Depression was an economical crisi that effectd peoples jobs and money. some people had to move from town to ton looking for different jobs.
Why were the movies the main event during the Great Depression?
During the great depression, many people were depressed. Therefore, in order to keep themselves going movies were a way to have some fun. People in the great depression would commit suicide if they weren't making enough money. People like Babe Ruth entertained people during this time too. Sports were another big event.
