Final answer:
Personal income in spending in 1929 was significantly different compared to the years following the stock market crash, with income declining and people cutting back on spending. The Great Depression was a major factor in this change.
Step-by-step explanation:
Personal income and spending in 1929 were vastly different from income and spending in the years following the stock market crash of that year. In 1929, personal income was high due to the prosperity of the Roaring Twenties, but after the crash, income significantly declined. People had less money to spend, leading to a decrease in spending on non-essential items and services.
Following the crash, the Great Depression began and lasted for the better part of the 1930s. During this time, personal income dropped significantly, with millions of people losing their jobs. As a result, people drastically cut back on their spending, focusing only on essentials like food, shelter, and clothing.
Overall, the difference in personal income and spending can be summarized by the drastic decline in income following the stock market crash and the subsequent economic downturn.
Learn more about Personal income and spending during the Great Depression