Great Depression And The Great Recession

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The Great Depression of the 20th century and the Great Recession of the 21st century were both important economic crises in U.S. history. The Great Depression began in 1929, during the presidencies of Herbert Hoover and Franklin Roosevelt. The Great Recession of 2008 took place at the end of President George W. Bush’s presidency and at the beginning of President Obama’s presidency. The Great Depression was a long-term decline in economic activity, and the Great Recession was a business contraction, also causing a slowdown in economy. In response to the depression, Pres. Roosevelt enforced the New Deal program. In his first term as president, Pres. Obama introduced the Stimulus Plan to help the recession. The Great Depression and the Great Recession both caused a downturn in economic activity, and there are many similarities and differences in the causes and effects of the two crises.
The Great Depression caused the prosperous American economy of the 1920s to dwindle. This was caused by a chain of events. The Depression began with the Stock Market crash in 1929, in which stock...

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