Compare And Contrast Great Depression Of 1929 And The Great Recession Of 2008
Both the great depression of 1929 and the great recession of 2009 presented hard times for the economy. The great depression had many people lose their jobs, homes, and money for a decade until the economy stabilized after 1939. The great recession in 2009 originally started in 2007 with the mortgage crisis, and it lasted for three years which left the economy broken with the loss of many jobs and homes. The great depression happened because of the stock market crash while the great recession happened due to the real estate market crashing. Both the great depression and recession had their common flaws, but both happened because of different reasons. The great depression was a lengthy slump causing people to lose jobs and homes. Individuals who had their shelf owned businesses lost them due to the amount of money circling in the economy at the time. The great depression started when the stock market crashed leaving many people who invested in the stock market broke. The US government could have seen it coming if they were paying close attention to the amount of money flowing throughout the stock exchange. The stock market is precarious to invest in because it varies on a daily basis. One stock price might be worth ten per stock, but the next day the same stock can be worth half of that. Investing in the stock market
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Many people thought that the government will help them in a time of crisis, or the government had enough where a thaw for these situations so that they were prevented but in reality. The government waited until the crisis happened and then tried to fix it. I believe the government should be more aware of how money is being distributed in the economy today because it is evident that the government does not have a single clue on how to stabilize an economy until after a crisis
Many people thought that the government will help them in a time of crisis, or the government had enough where a thaw for these situations so that they were prevented but in reality. The government waited until the crisis happened and then tried to fix it. I believe the government should be more aware of how money is being distributed in the economy today because it is evident that the government does not have a single clue on how to stabilize an economy until after a crisis