The economic impact of the Great Depression had a very direct impact on average urban Americans. First of all, a lot of businesses had to close their doors, so many people found themselves out of work with no immediate prospects. Many who believed they would never accept welfare, had no choice but to sign up for the program. Many were going hungry, and as a result soup kitchens were opened.
The economic silent depression is a non-validated time period that is compared to the Great Depression. Comparisons reflect how the US is currently suffering from an economic shift that is arguably more severe than that faced during the Great Depression. One of the factors used to make this claim is the comparison of wage to cost of living ratio. It is noted that there is a greater disparity in average salary and cost of living than what was seen then, although it has been noted in history as one of the worst economic downturns of all time.
The very poor or middle class were more likely to view banks in the United States as economic monopolies controlled by aristocrats. During the Great Depression, many banks closed and were not trusted by the average citizen.
i think its $5.00 haha
I assume that the question is supposed to be 'What were white people like during the Great Depression? If that is the case, I'm afraid there is not single answer. "White people" in the 30's would be a very different breed that what people would think of as 'White' today. In 2011, most people of Irish Catholic decent would consider themselves white , this was not the case during the early 1900's. Are Italians 'White'? What about Greeks, Turks, Jews? A 'white' person in the 30's could have fallen into any number of economic categories. All the jobs that Americans won't do, like being a maid or a migrant worker, well white Americans used to do those jobs. The average white person during the depression did the same thing as the average person did, anything to survive.
The average age for teenage depression is around 14 years old!
$100,000,000
During the Great Depression, the cost of a sweater could vary greatly depending on the quality, brand, and location. On average, a basic sweater could cost anywhere from a few dollars to around $10, which was a significant amount considering the economic hardships of the time.
"The average amount that Americans have in their savings is around the price range of $2,000 to $3,000."
6 months
Economic stability is measured by the stability of output growth (coefficient of variation) and average inflation 10-year average.
The Tennessee Valley Authority (TVA) was established in 1933, during the Great Depression as one of President Franklin Delano Roosevelt's New Deal programs. The purpose of the organization was to offer general economic development (for example fertilizer manufacturing, energy generation, and flood control) to the Tennessee Valley, a particularly impacted region during the Great Depression. No government plan works perfectly, but the TVA had a pretty high batting average, overall.
the average American in the sixites smoked pot