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compare and contrast of Great Depression and the Great Recession

Compare and Contrast of the Great Depression and the Great Recession

Callie Dirickson

on 20 April 2010

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Transcript of compare and contrast of Great Depression and the Great Recession

The Great Depression and the Great Recession Causes of the Great Depression
People buying on credit

Causes of the Great Recession
People buying on credit
Falling housing prices and sales
High interest rates
Herbert Hoover Increased inheritance taxes
Public dams
Government intervention of the stock market to eliminate "vicious speculation" Franklin D. Roosevelt Passed a record #of bills in his 1st 100 days in office
Held fireside chats to instill confidence in the people
Created the Federal Deposit Insurance Corporation (FDIC)
The Rural Electrification Administration (REA)
The Workers Progress Administration (WPA)- created jobs for people
The Civilian Conservation Corps
The Agricultural Adjustment Administration George W. Bush Enacted multiple economic programs intended to preserve the country's financial system. Took over Freddie Mac and Fannie Mae
Federal bailout of AIG for $85 billion Barack Obama $787 billion bailout
$410 billion added to the FY 2009 budget
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