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How does the great depression help us understand todays recession?
Wiki User
∙ 14y ago
I don't think it does, if you don't think we are not in a depression now. What do you call a depression? We are in a depression now. This depression may be worse than the Roosevelt depression. General Motors just went bankrupt. So did Chrysler. Big banks have failed. The main difference in the Roosevelt depression and the Obama depression is, this time Obama may collapse the dollar and bankrupt the US government. Roosevelt stole the peoples gold. I know, you think that must be a lie. Right? Look it up. What is it that Obama wants to steal? My guess is your IRA account. We will see. I hope you didn't have any General Motors stock in your IRA account.
Wiki User
∙ 14y ago
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What is global recession?
Global recession is a period of economic slowdown. The Great Depression and Great Recession are two periods in time that experienced global recession.
How did the recession in the 1980s affect farmers?
it affected farmers because of the set back from the great depression
WasThe great depression was a time when the US experienced severe economic recession and deflation?
Yes, this is true
Was an effect of the Great Recession?
High unemployment was an effect of the Great Recession.
What was the effect of the 1981-1982 recession?
High unemployment was an effect of the Great Recession.
Was it a recession or the Great Depression or prohibition when people loss their life savings?
This was The Great Depression
What is global recession?
Global recession is a period of economic slowdown. The Great Depression and Great Recession are two periods in time that experienced global recession.
How did government economic policies during the 1920 lead to the great depression?
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
How did government economic policies during the 1920s lead to the Great Depression?
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
Was the great depression the only depression to affect the US?
Once we finish this "recession" we will be calling the last few years the "Greater Depression".
How are the great depression and the great recession the same?
They arent man you arent thinking the same thing the depression is worse man dude dude dude dude you are thinking of the depression and the crash in the government7
How did the recession in the 1980s affect farmers?
it affected farmers because of the set back from the great depression
What is a good analogy for the Great Depression?
The recession of 2008 and the Great Depression of the 1930s have similar beginnings. Financial meltdowns caused a reduction in consumer spending which lead to unemployment in great numbers.
WasThe great depression was a time when the US experienced severe economic recession and deflation?
Yes, this is true
When Great Economic Depression started?
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
How does the great depression the same as the recession?
well both times people lost money and jobs. and they both had sad people
What were the differences between the great depression and the great recession?
In the Great Depression,there have been reports of an unemployment rate of 25 Percent. January 2017, our current rate is 4.8%%
