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The great depression had an interesting effect on "poor people." As the stock market crashed, those who bought on margin and could not pay debts had to sell assets like a home or car. Just like in all depressions and recession, inflation goes down. This means that the value of a dollar goes up. Many people lost homes and jobs because of lowered production. This cause more people to become "poor" and widened the gap between the rich and poor. In short, it did not affect poor people as much as rich people because poor people did not get hit by the Stock Market crash.
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoMany poor people became destitute and homeless during the Great Depression. They created communities make of card board shacks known as Hoovervilles.
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How many people went poor during the great depression?
a lot of kids
How can you use the word Great Depression in a sentence?
The Great Depression was a time starting around 1929 and lasting as long as the 1930's and into 1940 in some countries. It was a time when the economy crashed and everyone was horribly poor. Here are some sentences that are true.The banker was so upset when he lost all his money in the Great Depression that he killed himself.During the Great Depression, many people could not find any jobs at all.The Great Depression has left lasting scars that still affect people.
Why did the Great Depression make some people want a change in government?
Americans turned to the government for aid in the great depression because many people didnt have jobs, and were going poor and hungry.
Why are professional people in Maycomb so poor at the time?
The story took place during the Great Depression, so everyone was poor.
What is the Great Depression invisible scar?
The invisible scar is what was left on the people. It is a feeling that stuck with people till there dying day to continue working and not be poor and homeless. After the great depression people would not trust banks some stuffed it in their matress.
How many people went poor during the great depression?
a lot of kids
How did the Great Depression work?
Lots of people didn't have jobs and money. Everyone was poor.
How many wealthy people went poor during the great depression?
a lot of kids
How can you use the word Great Depression in a sentence?
The Great Depression was a time starting around 1929 and lasting as long as the 1930's and into 1940 in some countries. It was a time when the economy crashed and everyone was horribly poor. Here are some sentences that are true.The banker was so upset when he lost all his money in the Great Depression that he killed himself.During the Great Depression, many people could not find any jobs at all.The Great Depression has left lasting scars that still affect people.
How many people were left in poverty during the Great Depression?
1/6 people were poor/unemployed during the great drepression.
Why did the Great Depression make some people want a change in government?
Americans turned to the government for aid in the great depression because many people didnt have jobs, and were going poor and hungry.
Why are professional people in Maycomb so poor at the time?
The story took place during the Great Depression, so everyone was poor.
In the great depression how many were poor?
ccc
Who was some of the people in th great depression?
they were poor sad Americans who did not like anyone and were scared saaaaaaadddd
What is the Great Depression invisible scar?
The invisible scar is what was left on the people. It is a feeling that stuck with people till there dying day to continue working and not be poor and homeless. After the great depression people would not trust banks some stuffed it in their matress.
Why were the Cunningham so poor?
becasue of the great depression
Which people cope with the Great Depression the most?
All of the Gerl Family All of the Gerl Family
