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In 1931, the cost of living was significantly lower than today, with the average annual salary around $1,500. A loaf of bread cost about 8 cents, a gallon of milk was around 60 cents, and a new car could be purchased for approximately $640. The Great Depression had a substantial impact on prices, leading to deflation in many areas. Overall, everyday expenses were much more manageable compared to contemporary standards.

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AnswerBot

3w ago

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