Question

There has been a global economic crisis in your lifetime. The Great Recession of 2008 is now more than ten years behind us, and it was not as devastating as the Great Depression, but its effects still linger. Can you draw any comparison between our more recent economic crisis and the crisis in the 1930s?

Answer 1

Explanation:

Yet, 10 years after the economy tipped into the deepest contraction of the post–World War II era, the Great Recession’s scars remain, as seen in academic studies and government figures, as well as the testimony of regional business experts and the families that lived through it. The country has rebounded in many ways, but is also more unequal, less vibrant, less productive, poorer, and sicker than it would have been had the crisis been less severe. And the extent of the scarring holds lessons for the politicians and policy makers who will confront the next recession, whenever it hits and however it starts.