It took over two decades, with several smaller recessions in between, to fully impact the economy. On the other hand, it took the Great Depression almost a decade to form (1918 – early 1930’s). Apart from overspending, both events invested in difficult categories. The Great Depression invested in the Stock Market, while the Great Recession (“Consumer Age”) invested in housing (“Great Depression vs. Great Recession”). The Great Depression’s consequences are somewhat like those of the Great Recession’s considering bank failures and unemployment but at a much devastating scale. When World War II ended, the Great Depression’s unemployment rate fell below ten percent. Franklin D. Roosevelt’s “New Deal” was programs and policies “meant” to improve conditions for the people’s suffering. The Great Recession’s federal reserve lowered interest rates in 2008 and later adopted the zero-interest rate policy. Tax rebates were mailed to middle and lower class households to promote spending. The federal Government spent 2.5 GDP in hopes of encouraging the economy (“Great Depression vs. Great
It took over two decades, with several smaller recessions in between, to fully impact the economy. On the other hand, it took the Great Depression almost a decade to form (1918 – early 1930’s). Apart from overspending, both events invested in difficult categories. The Great Depression invested in the Stock Market, while the Great Recession (“Consumer Age”) invested in housing (“Great Depression vs. Great Recession”). The Great Depression’s consequences are somewhat like those of the Great Recession’s considering bank failures and unemployment but at a much devastating scale. When World War II ended, the Great Depression’s unemployment rate fell below ten percent. Franklin D. Roosevelt’s “New Deal” was programs and policies “meant” to improve conditions for the people’s suffering. The Great Recession’s federal reserve lowered interest rates in 2008 and later adopted the zero-interest rate policy. Tax rebates were mailed to middle and lower class households to promote spending. The federal Government spent 2.5 GDP in hopes of encouraging the economy (“Great Depression vs. Great