Sunday, November 27, 2016
Great Depression Vs Great Recession
Recently we've been learning about the Great Depression. Watching documentaries and reading various articles online to find information. I never knew much about the Great Depression and always had a preconceived notion of how bad it was. I was totally wrong, the Great Depression was definitely worse than what I thought it was. It wasn't just half the population it was basically all the population trying to deal with massive financial losses and issues. With the Great Recession since it was so recent most people know how it started but with the Great Depression I never truly knew how it started. In my mind I always thought the stock market was just a recent "business" but never understood that it started a very long time ago. Reading many different articles and watching the documentaries, I believe the Great Depression is overwhelming worse than the Great Recession. They both have similar issues and big differences such as how they started. One of the most obvious similarities of the two are how they affected the majority of the population financially. People lost mass amounts of money as well as some lives were ruined for good because of the stress and pressure put on these people. Overall, the Great Depression was bound to happen but the Great Recession could be blamed on citizens with too much power in government.
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