3 years ago

Tell me how the 2008 recession was similar to and different from the Great Depression

1 answer:

4 0

<span>Both the Great Depression and the 2008 recession were characterized by a massive run up in asset prices followed by an incredible deflationary pressure sent both debt and equity markets into chaos.</span>

The difference is that the Federal Reserve did little to save the economy during the Great Depression whereas the recession of 2008 was marked by massive bailouts.

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