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The Great Depression had a devastating impact on the middle class, as many faced significant job losses, reduced incomes, and the depletion of savings. Homeowners struggled with mortgage payments, leading to foreclosures and a loss of property. This economic turmoil eroded the middle class's sense of stability and security, forcing many to adapt to a more precarious lifestyle, often relying on government assistance or community support. Ultimately, the Great Depression reshaped the middle class, highlighting economic vulnerabilities and contributing to a lasting shift in societal attitudes towards wealth and security.
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Are we in a depression right now and will it get like the Great Depression in 1939?
We are more in a recession, not a real depression, but it will have similar characteristics due to the government because the government will take control of everything and eliminate the middle class in a Marxist fashion. Like in the Great Depression, there is only really rich, and poor.
What were there more of middle class houses or poor houses?
Poor people far outnumbered middle class in the Middle Ages. The serfs and other peasants were the great majority of the population, and the Middle Class was very small. So there were more cottages for poor people than middle class houses.
How did the Great Depression affect the middle class?
AnswerThe 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.
All of the following were important causes of the great depression except?
All of the following were important causes of the Great Depression except the expansion of the middle class. The Great Depression was primarily driven by factors such as the stock market crash of 1929, bank failures, reduced consumer spending, and international trade decline. These elements created a severe economic downturn that affected millions, while the expansion of the middle class generally contributed to economic growth during the preceding decade.
What was the unemployment percentage during the Great Depression according to class of society?
The unemployment rate was 25% during the Great Depression.
What drinks could the people afford or have after the Great Depression?
Horse sperm shots were fairly common among the middle and upper class after the great depression, if horses werent avaliable they would mix their own sperm with urine and share it with the other people in their household. ;)
Are we in a depression right now and will it get like the Great Depression in 1939?
We are more in a recession, not a real depression, but it will have similar characteristics due to the government because the government will take control of everything and eliminate the middle class in a Marxist fashion. Like in the Great Depression, there is only really rich, and poor.
What were there more of middle class houses or poor houses?
Poor people far outnumbered middle class in the Middle Ages. The serfs and other peasants were the great majority of the population, and the Middle Class was very small. So there were more cottages for poor people than middle class houses.
How did the Great Depression affect the middle class?
AnswerThe 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.
What was the unemployment percentage during the Great Depression according to class of society?
The unemployment rate was 25% during the Great Depression.
What effect did the Great Depression have on the economic policy of the US?
In 1935 FDR signed a Presidential order legalizing collective bargaining. This was the beginning of the middle class in America.
How was Bonnie and Clyde affected by the Great Depression?
Yes, since both died in 1934, right in the middle of the Great Depression.
Did people yell in the Great Depression?
of course, great depression increase unemployment
Who was invalved in the Great depression in Canada how many people died in the great depression?
465 people died
Was it a recession or the Great Depression or prohibition when people loss their life savings?
This was The Great Depression
How did the great depression affect American cities in the early 1930s?
The entire fabric of American society was altered during the Great Depression. One percent of the American people controlled the wealth. The middle class Americans were now on a level with the previously poverty-stricken class. They lost jobs, homes, and entire ways of life.
Why did president hoover follow a trickle down theory in order to combat the great depression?
Because he taxed the middle and lower class too much and it made things worse.
