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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.

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14y ago

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