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Between 1929 and 1939, the Great Depression significantly impacted wages and employment rates in the United States and globally. Many workers faced reduced hours, pay cuts, or unemployment, with average wages dropping significantly in various sectors. For instance, in the U.S., average annual wages fell from about $2,300 in 1929 to approximately $1,500 by 1933. The economic hardships varied widely by region and industry, leading to widespread poverty and financial struggle during this period.

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How long was the 2008 economic depression last?

Late 1930s or early 1940s


What caused the Federal Spending through 1928-1939 to increase?

The primary thing that caused federal spending in the United States to increase from 1928 through 1939 was a desire to get out of the Great Depression. Because many Americans had lost all their money, it was imperative that the government help restore the economy.


How much would 500 pounds in 1939 be worth today?

To determine how much £500 from 1939 is worth today, we can use historical inflation data. As of 2023, £500 from 1939 is roughly equivalent to about £25,000 to £30,000, depending on the specific inflation rate used for calculations. This reflects the significant changes in the value of money over the decades due to inflation and economic factors. For precise figures, it's best to consult an inflation calculator or historical financial data.


Did the Great Depression happen before or after WW 2?

No, the Great Depression was from the stock market crash of 1929 to 1933. Many believe that FDR's New Deal programs ended the Depression. Some of the programs helped of course, but so did Hoover's and he gets blamed for the whole thing. WWII is what finally ended the depression. It stimulated the economy by forcing the government to pay companies to manufacture war goods and forced people to cut personal costs in order to send supplies to the troops.


What is a 1929 rzeczpospolita polska coin worth?

It is actually a 1939. Misprinted. It is also the last polish coin emitted before world war ll. Very rare. I myself just found this on a coin collecting site looking up my coin and there is one on e-bay for 9.95. i am gonna keep looking.