5 Great Depression Success Stories

• Floyd Bostwick Odlum. Many investors lost everything during the market crash of 1929 because they had mistakenly assumed Wall Street’s good times were never going to end.
• Movies.
• Procter & Gamble.
• Martin Guitars.
• Brewers.

What are some recession proof businesses?

19 Amazing Recession Proof Business Ideas

• Food and Beverage Business.
• Healthcare Services.
• Pet Care Business.
• Renovation and Repair Industry including Plumber, Utility Services, and Auto Repair Services.
• Real Estate and Property Management.
• Baby Products Business.
• Child Care.
• Financial and Accounting Services.

What did businesses thrived during the Great Depression?

At the very height of the Great Depression (1930-33) hardly any businesses did really well, and success was relative. As usual in such circumstances it was the ‘new’ industries that tended to do best, in particular: * Movies. Almost every town of any size saw the opening of new and bigger cinemas.

What foods were invented during the Great Depression?

Fun fact: Snickers, Tootsie Pops and Three Musketeers bars were all invented during the Great Depression. Tough times have a way of encouraging America’s sweet tooth. In 2008, Nestle’s profits rose 11% and Cadbury’s were up by 30%.

Are there any industries that prosper during a recession?

People will pass on the stereo, but a nightly glass of wine, a pack of cigarettes or a chocolate bar are small expenditures that help hold back the general malaise that comes with being tight on cash. Be warned, though – not all sin businesses prosper in a recession.

Are there any companies that survived the depression?

Click Here To See “Depression Proof” Companies Among the relatively stable trades, besides the utilities, are foodstuffs, including the baking industry, and electrical equipment companies. Numerous specialty companies, with advertised brands, such as American Tobacco Company and Campbell’s Soup, moved ahead.