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Many rich people were in the stock market, and if that was their major asset, they were very suddenly broke. If people had other assets--land, gold, and particularly cash. they didn't lose everything and in fact bought assets from those who had no cash (cars, land, etc.). Then after the Depression became much richer as a result.
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How did some people become wealthy during the Great Depression?
wealthy people became rich in the great depression by collecting all the cheese from around the twon to sell to the peasents at a high price. wealthy people became rich in the great depression by collecting all the cheese from around the twon to sell to the peasents at a high price. wealthy people became rich in the great depression by collecting all the cheese from around the twon to sell to the peasents at a high price. wealthy people became rich in the great depression by collecting all the cheese from around the twon to sell to the peasents at a high price.
How were rich people affected in the great depression?
Many people, both rich and not so rich lost all they had. Investments collapsed to no value. Banks closed and all the accounts people had in them vanished. Some rich people rode the great depression through with little difficulty, but few were totally unaffected by it.
When did US experiences of labor shortage?
Right now, during the Great Depression, and many other times.
What were some experiences during the great depression?
there was a lot of job losses and poor crops grown (food shortage)
What were the causes of the Great Depression in US?
It was greed of the rich and is now doing the same thing today
Was Shirley Temple rich?
She was making over 250,000 a year from films & merchandise during the great depression. So yeah, she was rich
Did Herbert Hoover lead the nation out of the Great Depression?
Hoover was alive during the great depression. He was rich enough that it did not personally affect his way of life.
Are we in a depression right now and will it get like the Great Depression in 1939?
We are more in a recession, not a real depression, but it will have similar characteristics due to the government because the government will take control of everything and eliminate the middle class in a Marxist fashion. Like in the Great Depression, there is only really rich, and poor.
How did people during the Great Depression lose money?
MILLIONS From rich people, and por people lost everything.
What did rich's accept in lieu of paper money during the Great Depression?
Farmers produce. Farmers Produce Farmers Produce
Who did the great depression effect?
average people , basically every one but the rich. people loosed jobs prices rose high
How did the Great Depression affect people and families?
The Great Depression ruined people's fortunes. Many couples delayed marriage because the divorce rate dropped sharply. Many rich people felt no impact at all, and were oblivious to the suffering of others.
