Great Depression Vs Great Recession

Directions:

The final exam question: compare and contrast the Great Depression (1929 to 1940) to the Great Recession (2007 to about 2014) and the current downturn (beginning in 2020 and ongoing) focusing on unemployment and the government response to each economic crisis. In your concluding paragraph identify what can be learned from these two crises to inform what is going on right now and does not yet have a name (maybe the Great Pandemic Downturn?). You are limited to 1000 words.

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Great Depression Vs Great Recession
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Sources that can be used:

Read chapters 17-19 in Mission to Microchips

For the current economic situation read

https://research.stlouisfed.org/publications/economic-synopses/2020/08/12/comparing-the-covid-19-recession-with-the-great-depression
https://www.cnbc.com/2021/02/06/how-covid-led-to-unemployment-for-older-americans.html
https://www.cnbc.com/2021/04/15/how-to-escape-the-trap-of-graduating-into-a-recession.html

and view:

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