Compare
Prices During the Great Depression to Prices Today
How
much did toys and clothing cost during the Great Depression of
the 1930s? What would they cost today?
Look
at the Then and Now: Prices table below. In the left
column is a list of women's clothing, men's clothing, games and
toys and household goods. In the middle column, the price of
each of these items is listed based on advertisements from 1932.
Look through a current copy of your local newspaper to find out
what it would cost to buy the same item today. Write that amount
in the right column.
Some
of those 1930s prices look pretty low compared to today's costs,
don't they? Why? Look at the Then and Now: Wages table.
Do people earn more or less now than they did in the 1930s? How
do the prices compare to the wages? How many weeks would it take
to buy each of the items on the table of prices? If an item
costs less than a week's wages, divide the week's wages by 40 to
estimate the hourly wage and figure out how many hours it would
take to earn the money to buy the item.