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The period after the stock market crash, when many people went from prosperity to poverty is called ________.?
Kenya Patton
great depression
Madison
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The period after the stock market crash when many people went from prosperity to poverty is called?
the great depression
Why does poverty exist in a free market?
Poverty exists in a free market economy because people can choose how to make their money.
Why does poverty exist in a free market economy?
Poverty exists in a free market economy because people can choose how to make their money.
Which group of Americans were largely left out of the prosperity of the 1920s?
farmers, new immigrants, blacks, people in poverty, unemployed
What are people in poverty called?
They are called poor people.
Which general explanation of poverty focuses on the discrimination and changes in the job market?
The social structure in society can create poverty, discrimination and drastic changes in employment opportunities. In many societies, there is a general belief that the values and behaviors of the impoverished caused their individual poverty.
What were the reasons that the prosperity in the 1920s was superficial?
Superficial prosperity was caused by banks giving out loans to people who appeared to be prosperous but werenâ??t. As a result, people took out loans to buy things they couldnâ??t afford to have or pay for. Much of the so-called prosperity was based on an allusion.
How many people are poverty now?
In 2010, there are 9.25 million poverty people.
Does poverty affect the rich?
Well, actually poverty can affect anyone at some point! Without knowing how a student of social studies would answer this question.. I would expect that poverty can affect the rich. For one thing if wealth becomes too concentrated and there are too many people at the low end who can't contribute to the cost of society (taxes to maintain infrastructure for instance) then more of that burden must fall to the wealthy. The wealthy who derive their wealth by selling goods and services to a mass market will be affected if the market dries up because too many individuals are too poor to be able to buy the goods/services. People suffering from poverty may become enraged at the despairity between themselves and the wealthy and may express that rage through a violent revolution and redistribution of wealth. Some wealthy individuals may feel concern about such a despairity and choose to give some of their wealth to better the condition of the poor or to help the poor find a way to prosperity.
Why did you choose poverty?
People don't choose poverty.
Speech about poverty?
There are many people in the world that write speeches about poverty. This is in hopes that others will understand the quality of life people who live in poverty have.
How does capitalism get people out of poverty?
It doesn't. Capitalism has no concern for the poor. There's this place called Africa, check it out.
