How did massively uneven distribution of income happen in The Great Depression?

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2026-04-27 18:10

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The Great Depression exacerbated existing income inequality due to a combination of factors such as widespread unemployment, business failures, and deflation. Wealthy individuals and corporations were better positioned to weather the economic storm, often retaining their assets while poorer workers faced job loss and wage cuts. Additionally, government policies initially favored banks and businesses, leaving low-income families without sufficient support. As a result, the gap between the rich and the poor widened significantly during this period.

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