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The value of everything fell during the Great Depression. The value of money and stocks fell so much that people could be rich one day and poor the next.
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Why was food scarce during the Great Depression?
During the depression, the problem wasn't that money was scarce, on the contrary, there was tons and tons of it! I was just useless. The value of the dollar was reduced to virtualy nothing. People that went to bed with a million in the bank woke up to find that it wasn't worth one thousand. (slightly exagerated a bit but you get the point)
What actions were taken to help end the Great Depression?
There were many actions which were taken to help end the Great Depression. Some actions taken during this time included the passing of the Banking Act of 1935, which boosted the economy and aided in reversing inflation. Another action which aided in ending the Depression was the influx in gold which came from foreign countries and boosted the value of the U.S. dollar.
Was the Great Depression in England?
When the great depression hit Britain, its economy flopped badly because they had no money to manufacture any more iron, steel, textile, etc. The value of pounds dropped that it wasnt worth the price of gold anymore. The economy of Britain couldnt lend out loans to other countries anymore and they couldnt continue their trade with their main trader Germany.
What is the value of depression food ration stamps?
To the best of my knowledge there was no food rationing during the 1930's depression, at least not in the United States. The only food rationing was during World War 2 in the 1940's.
The US recovery from the Great Depression was accelerated by what?
Recovery from the depression was mainly boosted by a reboot in the economic interests of the people. This included shops reopening and real money being distributed again. During the depression some states had been printing cheap paper money that barely had any value. Inflation was heavily spread because of how desperate store owners were and how they knew how much people needed their products. You have to remember, there were shortages of almost everything during this time.
What is the value of a 1931 US half dollar?
Please check again and post a new question. No US half dollars were minted during 1930-32 due to the Great Depression.
What is the value of a 1930 US half dollar?
No half dollars were minted in 1930, 1931, or 1932 due to the Great Depression.
Why was food scarce during the Great Depression?
During the depression, the problem wasn't that money was scarce, on the contrary, there was tons and tons of it! I was just useless. The value of the dollar was reduced to virtualy nothing. People that went to bed with a million in the bank woke up to find that it wasn't worth one thousand. (slightly exagerated a bit but you get the point)
Is owning gold good in a depression?
Owning gold during a depression will give you an upper hand because gold has always held a high value and worth. Whereas money such as the dollar, if a depression were to occur then its value and worth would deflate and it wouldn't help as much as gold would.
What is the value of a 1930 Walking Liberty silver dollar?
Please check your coin again. The Walking Liberty design was used on HALF dollars during the 1930s, but there were no half dollars or silver dollars minted in 1930 due to the Great Depression.
What actions were taken to help end the Great Depression?
There were many actions which were taken to help end the Great Depression. Some actions taken during this time included the passing of the Banking Act of 1935, which boosted the economy and aided in reversing inflation. Another action which aided in ending the Depression was the influx in gold which came from foreign countries and boosted the value of the U.S. dollar.
What is the value of a 1930 Morgan dollar?
Morgan dollars were minted from 1878 to 1904 and again in 1921. No US dollars were minted for circulation in 1930 due to the Great Depression.
What is the value of a 1931 US silver dollar?
Please check again and post a new question. No silver dollars were minted from 1929 to 1933 inclusive, due to the Great Depression.
What is the value of a 1933 US 50 dollar silver certificate?
No $50 bills were printed in 1933 due to the Great Depression, and the last $50 silver certificates were printed in the 1891 series.
How stable has the euro been against the us dollar?
The euro has been very stable against the dollar. Even during the great recession, it never lost significant value.
What is the value of a 1930 dollar?
The U.S. didn't make any dollar coins or bills in 1930. The Great Depression meant that there was very little demand for new currency. Please check your coin again and post a new question with more details.
What is the value of a 1932 A US 10 dollar bill?
Please check your bill again and post a new, separate question. The US didn't print any bills in 1932 due to the Great Depression.
