While most average Americans in the 1930s saw their incomes plummet during the depths of the Great Depression, the residents of Quincy, Florida, had different fortunes. In fact, thanks to savvy business acumen, many of them actually became millionaires. And some of the townspeople’s families remain wealthy even to this day.
But how did the Great Depression begin? Well, the 1920s were something of a boom time for the United States’ economy. The country’s prosperity grew roughly twice as large throughout the decade, in fact. This era therefore became broadly known as “the Roaring Twenties,” as many people prospered during it like never before.
As the ’20s progressed, though, members of the public often used their excess money to play the stock market. Folks from all walks of life gambled carelessly with their assets, in fact, buying up shares while the going seemed good. But unfortunately, the boom couldn’t last forever, and the good times soon came to a shattering halt.