Question

In what two ways did the wealthy benefit from the Great Depression?

Answer 1

The wealthy benefitted from the Great Depression because:

• Hoover signed bills to bail out big corporations.
• Hoover cut taxes for wealthy business owners.

How did the wealthy benefit from the Great Depression?

The wealthy were able to benefit from the Great Depression thanks to Hoover policies that were meant to reinvigorate the economy.

For instance, wealthy business owners and banks were bailed out by the government, and taxes were decreased to get businesses to employ more workers.

Find out more on the Great Depression at brainly.com/question/441267.

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