Asked by manpreet singh on May 27, 2024
Verified
The most devastating impact of the Great Depression was felt by the middle-class who could not maintain the standard of living they had enjoyed during the affluent 1920s.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and widespread poverty.
Middle-Class
A social group between the upper and working classes, including professionals, managers, and small business owners, often characterized by moderate to high income levels and educational attainment.
- Assess the socioeconomic impacts of the Great Depression on different classes.
Verified Answer
FB
Francy BlancJun 02, 2024
Final Answer :
False
Explanation :
The most devastating impact of the Great Depression was felt by the working class and the poor, who faced massive unemployment, homelessness, and extreme poverty, unlike the middle class who had more resources to buffer the economic downturn.
Learning Objectives
- Assess the socioeconomic impacts of the Great Depression on different classes.
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