Great Recession

The Recession of December 2007 ended in June 2009. Unemployment rates and underemployment rates both had gone up. Coinciding the unemployment rates and the underemployment rates was the falling income and the growth of poverty. Jobs were unavailable to the people and the shortage went out of hand. The decline in the stock market was another cause of this Great Recession. Gradually the recession grew. It started with the bursting of an 8 trillion dollar housing bubble. Consumer spending…

decline in economic activity during the late 2000s, which is generally considered the largest down turn since the Great Depression” (Investopedia). This is the general definition of the Great Recession. The national bureau of economic research dates the Great Recession from December 2007 to June 2009, lasting a total of eighteen months, making it known as the longest recession since the Great Depression. As the loss of wealth decreased consumer spending we experienced extensive job loss, “In…

Throughout history, there have been two major economic downturns. The Great Depression and the Recession of 2008 both occurred due to poor finical policies and excessive spending. Both events left many people feeling hopeless and vulnerable. 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. It left many people confused and upset. Many people…

cringes at the thought of entering into a recession. The thought of businesses crumbling and sending some into poverty is a scary topic for the general public to acknowledge. Guiding the economy into a period of instability with the fear of never coming out creates concern for many Americans. A recession is a significant decline in economic activity within the economy for over two consecutive quarters lasting between six to eighteen months. Also, a recession can be defined as when the economy…

The recession's calm before the storm in began in the spring of 2008 with the market dropping and banks running low on money. It was if the stock market was in a ´freefall´ they described it. As everyone began to notice the descending market and realized that this was a ´formula for disaster´ and that there was nothing you could do to stop it. Thursday, the reserves were almost completely empty and it was still dramatically dropping. As the day went on people began to see the realism of the…

The Great Depression and the Great Recession were economically devastating to not only the United States, but also to the world. During the Great Depression, people lived without being able to meet their basic needs. They ate very little and could never have the opportunity to obtain anything that was not a necessity. During the Great Recession, most people were able to meet their basic needs. They only had to cut back on their wants. Unemployment, decreases in economic growth, and stock market…

The Great Depression officially started on October 29, 1929 after the stock market crash, and the Great Recession started in 2008 after the government pushed buying houses onto people. The Great Depression and Great Recession has almost seven decades between them, so some people would never think they would be similar. They might even say the President has learned from the Great Depression, so the economy will never get like that again. The economy almost did in the Great Recession. When…

The Great Depression and the Recession of 2008 were both memorable events in US history. These events both dealt with financial issues within the US government, within stock markets and the home market. The Great Depression took place in October 29, 1929. Later on, another disaster hit in December, 2007 called the Recession of 2008. Both of these events were caused by bad financial status but they are also different including the work issues and values, presidents and the duration and finally…

the year 2007 the Great Recession impacted the world, and this once prosperous region was put into an economic decline causing the lives of multiple individuals to change forever. This Great Recession in the Inland Empire brought turmoil and chaos into these communities that once had a significant employment rate, but with the recession caused the unemployment rate to increase at an 11.5%, thus leaving a vast majority to loose the occupations that they once held.…

2015 The great recession can be considered the largest devastation in economic history after the great depression of the late 1920’s and early 1930’s. The great recession was a time period taking place in the late 2000’s, officially lasting from December 2007 to June 2009. The economic decline devastated many leaving many out of job and sending unemployment rates through the roof. “As a major casualty of the Great Recession, employment suffered. With unemployment…