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s2008m [1.1K]
3 years ago
12

How did the great depression affect the americans who managed to keep their jobs

History
1 answer:
postnew [5]3 years ago
3 0

HERE'S WHAT I COULD COME UP WITH

The families of Middle Class Americans had enjoyed the prosperity, ostentation and conspicuous consumption of the Roaring Twenties that fostered a belief that they were better than others. The wages of the middle class were more than double those of the poor. Hard times hit many Middle class families as debts accumulated through 'Margin Loans' had to be repaid immediately. Loans on 'easy credit', for various consumer goods such as automobiles or refrigerators, still had to be repaid. Numerous small banks collapsed and people lost their life savings. Family  homes in comfortable 6-8 roomed houses had to be sold to cover debts and back taxes. Those that managed to keep their houses could no longer afford electricity. And servants had to be dismissed adding to the rising unemployment figures.

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Ship owner Charles Booth wanted to disprove socialist claims that one-fourth of Londoners were impoverished. Although he first assumed this was overstated, his 17-volume study eventually showed that the real number was far higher: one-third.

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<h3>What are politicians?</h3>

Generally, A person who is involved in party politics or who either has or seeks to occupy an elected post in the government is referred to as a politician. Laws that govern the country and, by extension, its inhabitants are proposed, supported, and rejected by politicians, who themselves establish these laws. To use a general definition, a politician is somebody who aspires to hold influential political positions inside a government.

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