Why was there no middle class in the Great Depression?
The middle classes were still there during the Great Depression. Any suggestion that everyone was reduced to grinding poverty is inaccurate.
The difference during the Depression was that employment was very much lower, so that the number of "middle class" individuals decreased as a percentage of the population. Many of those who were still working also received less income, and the availability of consumer goods was sharply diminished.
The Great Depression led to widespread unemployment. Extreme poverty was inflicted on both middle class and lower class and in some cases even upper class. Suicide rates jumped high. People lost their homes and farms. Many moved to live in 'Hoovervilles'. There was social unrest within the society. The effect even reflected on other countries and trade reduced substantially. The idea of social security also became prominent after the Great depression.
The Great Depression did affect the upper class, but not nearly as hard as the working and lower class. Although many lost money in the stock market crash, most still retained their wealth and prosperity. It also caused tention between the upper and lower class. It is also known that the upper class did spend more money during the Great Dpression than they did during the 1920's.
How did the new middle class transformed the social structure of great Britain during industrialization?
Which group was most likely to view the bank of the US as an economic monopoly controlled by aristocrats?
The great depression was a worldwide phenomenon. As in the US and elsewhere, in Germany, there was massive unemployment, with the number of unemployed reaching up to 6 million. The majority of those who were affected were the middle class. Hitler managed to gain support from them by capitalizing on their suffering: in a time of crisis, many Germans wanted someone to blame, and rather than looking at the actual reasons for what led to…
The Great Depression, when the stock market crashed. It affected just about everyone. People who were lower class, lost everything. Their money, their jobs, their lives, and a lot of the time, even their families. Middle class people, lost most of their money and their homes, and were moved down to lower class. The upper class howerver, wasn't affected so much. They still had their money and homes and families, but taxes were raised, making…