How did the great depression affect the wealthy?

Answer 1

Most of the rich people were in the stock marketand lost their money when the Stock Market crashed. They still had material assets (i.e. cash, gold, cars ect.) which allowed them to have relatively luxurious lives, but usually, the majority of their money was in the stock market and was lost when it crashed.

Answer 2

The price of stock for the Union Cigar Company collapsed from $113.50 to $4 in just one day following the Crash of the Stock Market in 1929. The President of the company jumped to his death from a hotel room. That incident helped fuel a legend that the rich were shouting "Ruined!'" as they leaped from high buildings during 1929 and 1930. Cartoons and newspapers had a field day, but the truth was not many wealthy jumped, but tried to work to save their companies. A study found more suicides in the month prior to the crash than after.

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.

Answer 3

The price of stock for the Union Cigar Company collapsed from $113.50 to $4 in just one day following the Crash of the Stock Market in 1929. The President of the company jumped to his death from a hotel room. That incident helped fuel a legend that the rich were shouting “Ruined!’” as they leaped from high buildings during 1929 and 1930. Cartoons and newspapers had a field day, but the truth was not many wealthy jumped, but tried to work to save their companies. A study found more suicides in the month prior to the crash tan after.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.

Answer 4

The price of stock for the Union Cigar Company collapsed from $113.50 to $4 in just one day following the Crash of the Stock Market in 1929. The President of the company jumped to his death from a hotel room. That incident helped fuel a legend that the rich were shouting “Ruined!’” as they leaped from high buildings during 1929 and 1930. Cartoons and newspapers had a field day, but the truth was not many wealthy jumped, but tried to work to save their companies. A study found more suicides in the month prior to the crash than after.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.

Answer 5

The price of stock for the Union Cigar Company collapsed from $113.50 to $4 in just one day following the Crash of the Stock Market in 1929. The President of the company jumped to his death from a hotel room. That incident helped fuel a legend that the rich were shouting “Ruined!’” as they leaped from high buildings during 1929 and 1930. Cartoons and newspapers had a field day, but the truth was not many wealthy jumped, but tried to work to save their companies. A study found more suicides in the month prior to the crash than after.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.

Answer 6

The price of stock for the Union Cigar Company collapsed from $113.50 to $4 in just one day following the Crash of the Stock Market in 1929. The President of the company jumped to his death from a hotel room. That incident helped fuel a legend that the rich were shouting "Ruined!'" as they leaped from high buildings during 1929 and 1930. Cartoons and newspapers had a field day, but the truth was not many wealthy jumped, but tried to work to save their companies. A study found more suicides in the month prior to the crash than after.

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.