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3 August, 09:48

3. How did the great Great Depression impact (a) the wealthy (b) the middle class (c) the poor?

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  1. 3 August, 10:06
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    Impact of Great Depression on the wealthy, middle class and poor people:

    A) The Great depression had a huge impact on the upper class of the society who had to give up their luxurious way of living their lives and there was decrease in the savings of these people.

    B) The middle class also had to give up on their savings for survival and the collapse of stock market and closing of banks led to fall in their savings.

    C) The poor who were already living in tough situations, their conditions worsened even more and many of them went totally without money and were in huge debts.
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