Compare And Contrast The Great Depression And The Recession Of 2008

Throughout history there have only been two major economic downturns. The Great Depression and the Recession of 2008 both occurred due to poor financial policies and excessive spending. Both events left people with a sense of hopelessness and vulnerability. A comparison of the Great Depression Era and The Recession of 2008 reveals similarities in causes and effects economically, socially, and politically. Life after the war took a toll on many Americans. The destruction of the war caused many people to lose faith in reason and progress. Some people became existentialists, which are people who believe there is no meaning to the world. Writers showed the horrors of life after war, artists rebelled against traditional paintings and composers began to create music with unusual rhythms and harsh sounds. While America’s economy was quickly growing, people were struggling. Workers could not buy enough goods and when their purchases slowed down, the production in factories also slowed down. Farmers faced slow sales with low prices. These farmers were unable to repay loans and most farmers lost their land. The war made many Americans confused and changed their way of life, which led to the Great Depression. After the 1920’s boom in the economy, Americans started to buy a surplus of unnecessary items. Women began to change how
The end of the Cold War was marked by the fall of the Berlin Wall. At this time, many other European Communist nations began to fall as well. People pointed out that there was not an obvious winner of the Cold War. However, thousands of American lost their lives waging proxy wars in Korea and Vietnam. “People believed the military spending policies of the Reagan-Bush years forced the Soviets to the brink of economic collapse.” However, Americans hoped they remained safe and marked with security and