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The Great Depression/Great Recession
Transcript of The Great Depression/Great Recession
"Stock Markets crash" ~CNN.com
"people not Spending money" ~ Mr. West Leaders during the great depression FDR- "Took over the banks to stop bank runs"
~ The Great Depression
Hoover- "After the crash, Hoover ordered federal departments to speed up construction projects, cut $160 million in taxes, and doubled the amount spent on public works."
~ http://www.u-s-history.com/pages/h1580.html : ( | | ` The Great Recession Major causes "Lack of employment" ~ CNN.com
"People are not spending money and firms laying people off causing them to spend less money etc."
~ Mr. West Now the Idiots! I'm sorry, I ment Leaders! Bush - "In terms of the economy, look, I inherited a recession, I am ending on a recession." --George W. Bush
Obama - Health care plan "“Universal health-care coverage,” according to the president’s plan, would be largely driven by enrollment in public programs, such as Medicaid and SCHIP, in which the government sets benefit levels and provider reimbursement rates. Being nominally “covered” in a public health insurance program is of little value if prohibitively low reimbursement rates and administrative hassles prevent physicians from accepting you as a patient." ~ Dr. John S. O’Shea - posted on familydoctormag.com So on common ground People don't spend their money
therefore the lack of employment