The Great Recession Versus The Great Depression

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The Great Recession was more complex and widespread damage of financial markets than the Great Depression. The outcome of the Recession wasn’t as disastrous as the Depression because financial policy issues are a lot different and were made to deal with another depression situation, the Feds were much more prepared. Fiscal policy has developed from weak to aggressive and mature each time the stocks plummet.

Federal Reserve officers argue that the financial shock of 2008 was bigger than the shock of 1929. “September and October of 2008 was the worst financial crisis in global history, including the Great Depression.” - Ben Bernanke, former federal reserve. People call the Great Recession the“Greater Depression” and “The second Great Depression”.

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