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The Recession

The Great Depression and Recession
by

Hannah Griffin

on 20 April 2010

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Transcript of The Recession

The Recession The Great Depression:
many Americans battled job insecurity, decreased wages, unemployment, bank failures, property foreclosure, or loss of personal savings Cash for Clunkers: The Stimulus News
hopes to get money from the same pot to spread smart grid technology to rural parts of the state. Stock Market Crash:
"Factories will shut down...men will be
thrown out of work."
Many investors, were force to sell their stock
at lower prices than they had paid to buy them. The World Bank's Board of Directors
approved a US$500 million development
policy loan (DPL) today to promote an
efficient, equitable and inclusive Social
Protection System in Colombia
The government's response to this crisis proves that comprehensive social protection programs managed to cover a significant portion of the poor. Housing Crisis:
Key Factor in the U.S economic crisis Ameriscan households borrowed and spent more than they could afford.
It helped lead many people to financial choices. Recession Housing Crisis:
1.With the recent economic downturn and the housing
crisis, more American homeowners face falling home
values and an inability to sell their property at a profit.
For Rent New Deal:
1.Roosevelt called his plan to
provide "relief, reform, and
recovery" the New Deal. Bank Failures:
By 1931, nearly twenty-three
hundred commercial banks and
savings and loans faced insolvency. income:
To maintain their standard of living, middle-class Americans turned to borrowing more through credit cards and home equity loans. By 2006 these practices had turned Americans' savings rate negative—its worst performance since the Great Depression—as many spent more than they earned.
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