What Jobs Survived The Great Depression?

What industries thrived in the Great Depression?

The classic Depression-era example is Kelloggs out-marketing Post.

HOUSEHOLD PRODUCTS / ESSENTIAL CONSUMABLES.

People still need soap and solvents and diapers and gasoline and stuff.

P&G is the stand-out Depression-era success in this category..

What businesses boomed after the Great Depression?

Here are 10 small businesses that have been proven to thrive even when the economy goes south.Movie theaters. People are especially in need of distraction when times are tough. … Beer, wine and liquor. … Tattoo parlors. … Candy. … Cosmetics. … Thrift stores. … Home health care services. … Veterinary services.More items…•Jun 9, 2014

What is the safest investment in a depression?

Domestic Bonds, Treasury Bills, & Notes Mutual funds and stocks are considered to be a big gamble during depressions. While Treasury bonds, bills, and notes are more secure investments. These items are issued by the U.S. government. They give the purchaser a fixed rate interest once they mature.

Who suffered the most in the Great Depression?

African Americans and other minorities suffered more than whites, as their jobs were often taken away and given to white people. In 1930, 50% percent of African Americans were unemployed.

How can I make money with depression?

25 Ways People Earned Money During the Great DepressionCaught and sold fish, clams, and crabs.Made homemade fudge and sold it.Sold newspapers on the corner. … Started a lunch truck/wagon.Grew, picked, and sold berries.Road work.Shoveled snow on roads.Multiple part-time jobs, including housecleaning.More items…•Dec 3, 2015

What products do well in a recession?

Some products are known to be recession-proof (or coronavirus-proof), including toilet paper, home goods, and groceries. Essential sectors like healthcare, grocers, household products, and fulfillment logistics are also seeing a rise in demand.

How did companies survive the Great Depression?

companies cut spending during that era, advertising budgets were largely eliminated in many industries. Not only did spending decline, these companies actually dropped out of public sight because of short sighted decisions made about spending money to keep a high profile.

Who got rich during the Depression?

Paul Getty. An amazing beneficiary of good timing and great business acumen, Getty created an oil empire out of a $500,000 inheritance he received in 1930. With oil stocks massively depressed, he snatched them up at bargain prices and created an oil conglomerate to rival Rockefeller.

What should I invest in for depression?

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.

Who benefits from a recession?

In a recession, the rate of inflation tends to fall. This is because unemployment rises moderating wage inflation. Also with falling demand, firms respond by cutting prices. This fall in inflation can benefit those on fixed incomes or cash savings.

What thrives during a recession?

Healthcare, food, consumer staples, and basic transportation are examples of relatively inelastic industries that can perform well in recessions. They may also benefit from being considered essential industries during the public health emergency.