The 2008-2009 global recession dubbed the Great Depression 2.0. Luckily, it did not take war to save the economy it took the implementation of a variety of policies in order to get out of the last global recession. Both Canada and the United States were affected by financial crisis however; each country took a very different approach to addressing the problem at hand.
In US the recession hit hard, very hard. Unemployment peaked at just over 10% for the first time since the early 80s. The US made the decision to implement a multi-trillion dollar stimulus package to aid the economy to bounce back. With the help of the Treasury and the Federal Reserve the government introduced the Troubled Asset Relief Program (TARP) and the American Recovery
In US the recession hit hard, very hard. Unemployment peaked at just over 10% for the first time since the early 80s. The US made the decision to implement a multi-trillion dollar stimulus package to aid the economy to bounce back. With the help of the Treasury and the Federal Reserve the government introduced the Troubled Asset Relief Program (TARP) and the American Recovery