How did people survive the Great Depression?
Online Answer
The average American family lived by the Depression-era motto: "Use it up, wear it out, make do or do without." Many tried to keep up appearances and carry on with life as close to normal as possible while they adapted to new economic circumstances. Households embraced a new level of frugality in daily life.
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8 Curious Recipes From the Depression Era
- Poor Man's Meal. During the Great Depression, potatoes and hot dogs were very inexpensive, so many meals included either or both ingredients. ...
- Creamed Chipped Beef. ...
- Hoover Stew. ...
- Egg Drop Soup. ...
- Corned Beef Luncheon Salad. ...
- Frozen Fruit Salad. ...
- Spaghetti with Boiled Carrots and White Sauce. ...
- Prune Pudding.
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Some farmers kept bees and harvested the honey. Women baked their own bread. During the Depression, this self-sufficiency carried over into their social life. One-dish suppers and church potlucks were important ways to have fun and share food..
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The bottom line is that if we were heading into another deflationary depression the best assets to own are default-free Treasury bills and Treasury bonds, with some other very high quality fixed income securities thrown into the mix.
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President Herbert Hoover declared, "Nobody is actually starving. The hoboes are better fed than they have ever been.
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The average American family lived by the Depression-era motto: "Use it up, wear it out, make do or do without." Many tried to keep up appearances and carry on with life as close to normal as possible while they adapted to new economic circumstances. Households embraced a new level of frugality in daily life.
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