While the middle class saw many of their numbers ruined financially, the very rich suffered little more than a loss in paper wealth and not poverty. Still, the monied class was stunned by the Depression. The rich feared FDR more than the Depression. By 1936 "That man in the White House" was being called a traitor to his class. By 1937, most of the wealthy were living comfortably again. Stock prices had started going up and the rich found new entertainment in the "Speakeasies" brought about by prohibition. In "Cafe Society" the rich, young, and beautiful took center stage in the wealthy society. Like today's fascination with the young, "beautiful" movie stars and musicians and singers, the middle and lower class of the 1930s became fascinated with the wealthy foreigners who came to America to join the upper classes in wedding, dining, clubbing, and enjoying their wealth during the Depression.
One group that did well during the depression were people on a secure fixed income. Prices dropped greatly and money went a lot farther if you had it. to spend. My great-grandfather lived will on his civil-war pension and savings.
they didn't get money- at least not as much
Korea and russia where examples of this, in fact russia had economic growth! the soviet union
The Great Depression affected many people all over the world.
Yes, they were affected.
No not by ours, but they were affected by their own.
they didn't get money- at least not as much
Korea and russia where examples of this, in fact russia had economic growth! the soviet union
The Great Depression affected many people all over the world.
Westerners were not affected by the economic depression in 1819. t or f
Yes, they were affected.
No not by ours, but they were affected by their own.
how did the great depression affected Belize
the hakalowas got affected by the great depressiom
The USSR was one of the least affected countries in the world by the depression, but what little effects they did feel were cancelled out by military expansion and the Five Years Plan, which created a lot jobs and excelled their economy.
not all people were affected by the great depression. actually nearly 40% wasn't affected.
Time
America