The Pros And Cons Of The Great Recession

analytical Essay

1272 words

Bonus Paper The Great Recession of 2007-2009 was very harmful to the economy of the United states. Many people lost their jobs and were forced to work at lower wages, so the demand for consumer goods dropped. Homeowners were also hurt because the value of housing and real estate crashed. This decrease in wealth pushed back the retirement age for many people. The financial situation was especially worrisome for my personal household during the Great Recession. My parents had gotten a divorce shortly before the recession began, so my dad had to pay my mom alimony. My sister and I chose to keep living in our house with my dad. When the recession came, my father was working at a steel plant, and they were laying off several workers, so he had …show more content…

Economist Nakajima Makoto says that "younger households, lower-income households in each age group, and extremely wealthy households" suffered from "a larger loss than average" in income. This is because the value of housing and stocks declined sharply during the Great Recession. Younger households tend to have a greater proportion of their wealth in housing, while wealthy households tend to invest more heavily in stocks (Makoto 2013). The decrease in consumer demand led to decreased investment in businesses because the businesses were suffering from a lack of demand from consumers, leading to lower stock …show more content…

(2015, July 10). Chart Book: The Legacy of the Great Recession. Retrieved from http://www.cbpp.org/research/economy/chart- book-the-legacy-of-the-great-recession DeGrace, Tom. (2011, Dec. 18). The Housing Market Crash Of 2007 And What Caused The Crash. Retrieved from http://www.stockpickssystem.com/housing-market- crash-2007/ Gustman, A. L., Steinmeier, T. L., & Tabatabai, N. (2012). How Did The Recession Of 2007-2009 Affect The Wealth And Retirement Of The Near Retirement Age Population In The Health And Retirement Study?. Social Security Bulletin, 72(4), 47-66. Makoto, N. (2013). The Diverse Impacts of the Great Recession. Business Review (Federal Reserve Bank Of Philadelphia), 17-29. Wesley, Daniel. (2010). How the Great Ression Has Affected Americans. Retrieved from http://www.creditloan.com/infographics/how-the-great-recession-has-

In this essay, the author

Explains that the great recession of 2007-2009 was very harmful to the economy of the united states.
Explains that things stabilized after my dad remarried because my stepmom also used her income to contribute towards paying bills. he later admitted that he was lucky to have gotten married at that time.
Explains that the great recession was caused by the housing market crash in the late 1990s. people bought new houses with a zero-down payment to sell them for profit.

Explains that the great recession of 2007-2009 was very harmful to the economy of the united states.
Explains that things stabilized after my dad remarried because my stepmom also used her income to contribute towards paying bills. he later admitted that he was lucky to have gotten married at that time.
Explains that the great recession was caused by the housing market crash in the late 1990s. people bought new houses with a zero-down payment to sell them for profit.
Explains that unemployment was a large problem for many households during the great recession. the worst previous episode was in the early 1980s.
Explains that the high unemployment rate persuaded some people against looking for jobs, leading to a weaker market for labor. the amount of income and wealth lost varied from household to household.
Analyzes how changes in the housing and labor market greatly influenced consumer spending. 71 percent of consumers purchased less expensive brands during the recession, while 15 percent increased their credit card balances to pay bills.
Explains that the great recession had an interesting effect on the retirement age of u.s. citizens.
Explains that those who were able to keep their jobs also faced problems at work. some people received pay cuts, had to go on unpaid leave, and worked less hours. others switched to part-time status, leaving behind the added benefits of working full time.
Opines that the great recession of 2007-2009 was one of the worst economic disasters since the depression. the crash in the housing market decreased the value of housing and real estate.
Cites center on budget and policy priorities' chart book: the legacy of the great recession.
Analyzes how the great recession has impacted the wealth and retirement of the near retirement agepopulation in the health and retirement study.

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The 2008 Economic Recession
explanatory essay
Not only did Carter and Reagan Administrations help cause the Recession, President Clinton helped. “Clinton then established official government poli...
In this essay, the author
- Explains that the 2008 recession, which officially lasted from december 2007 to june 2009, began with the bursting of an 8 trillion dollar housing bubble.
- Analyzes how reagan's approach was a departure from his immediate predecessors. reagan enacted lower marginal tax rates, simplified income tax codes and continued deregulation.
- Explains that the reagan and carter administrations helped cause the 2008 financial crisis. clinton repealed the glass-steagall act which limited the banking industry.
- Explains that the 2008 recession, which officially lasted from december 2007 to june 2009, began with the bursting of an 8 trillion dollar housing bubble.
- Analyzes how reagan's approach was a departure from his immediate predecessors. reagan enacted lower marginal tax rates, simplified income tax codes and continued deregulation.
- Explains that the reagan and carter administrations helped cause the 2008 financial crisis. clinton repealed the glass-steagall act which limited the banking industry.
- Explains consumer spending is the amount of money spent by households in an economy. it includes durables, such as washing machines, and nondurables like food.
- Explains that consumers will increase their spending by giving out money, or through tax cuts, which allows businesses to earn more revenue, leading to a recession.
- Explains that subprime mortgages are a financial tool that helps those that don't have good credit score, get home loans. the qualities that make them attractive also carry risks.
- Explains how high-risk mortgages became available in the early and mid-2000s, with private-label mortgage-backed securities (pmbs) providing most of the funding of subprime mortgage. when house prices peaked, refinancing and selling became less possible.
- Explains that deregulation was the major factor for the 2008 recession, which started back to the reagan and carter administrations.
- Explains that subprime mortgages were major factors of the 2007-2009 economy collapse. all of america suffered from the 2008 recession.
1050 words
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The Great Depression and the Recession of 2008
explanatory essay
There were many causes for the great depression in the 1929; the most noticeable one was the stock market crash of 1929. This crash started on the 24 of October then on October 29, the stock market just dropped on a day called Black Tuesday. After that, everything fell, the banks failed because they do not have the money to give out to the people. There was also a reduction in purchasing across the board. There was also severe drought and American economic policy with Europe was strict which made businesses to fall. These things added to the great depression and how severe it became because people and the earth was not cooperating.
In this essay, the author
- Explains the causes of the great depression and the recession of 2008, including the stock market crash of 1929, severe drought, and strict american economic policy.
- Explains that the people living in the great depression had many hardships and were struggling each and every day just to find money to buy food. the unemployment rate went from 9% all the way up to 25%.
- Explains that banks failed during the great depression, and the stock market crash made companies go out of business. the housing market shot down because people weren't buying houses.
- Explains the causes of the great depression and the recession of 2008, including the stock market crash of 1929, severe drought, and strict american economic policy.
- Explains that the people living in the great depression had many hardships and were struggling each and every day just to find money to buy food. the unemployment rate went from 9% all the way up to 25%.
- Explains that banks failed during the great depression, and the stock market crash made companies go out of business. the housing market shot down because people weren't buying houses.
- Explains that the great depression lasted in the beginning of our involvement of world war two, when many companies opened back up again, but not to sell or produce things the factory was made for.
- Explains that the recession in 2008 and 2007 made people mad. it was an ongoing marked global economic decline that started in december of 2007 and took a small down turn in september 2008.
574 words
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The Great Depression
explanatory essay
The Great Depression was the worst financial decade that the United States economy had ever encountered. The stock market crashed, banks failed, and drought swept across the plains. But at the end, the American economy was able to recover and still continues to be a successful nation.
In this essay, the author
- Explains that the stock market crash in 1929 changed hoover's plans. the great depression was a 10-year national crisis that led to economic depression and mass unemployment.
- Explains that world war i caused a devastating economic slump throughout europe. many countries resorted to postwar inflation to help defray the debt caused by the war.
- Explains that the 1920s brought great fortune to those who were lucky enough to be stockholders. demand for goods and new products led to an increase in business and profits.
- Explains that the stock market crash in 1929 changed hoover's plans. the great depression was a 10-year national crisis that led to economic depression and mass unemployment.
- Explains that world war i caused a devastating economic slump throughout europe. many countries resorted to postwar inflation to help defray the debt caused by the war.
- Explains that the 1920s brought great fortune to those who were lucky enough to be stockholders. demand for goods and new products led to an increase in business and profits.
- Explains that dow jones & company is a wall street corporation that was formed in 1882 by charles dow, edward jones, and charles bergstresser.
- Explains that charles dow created the dow jones industrial average in 1896, which is one of three averages.
- Explains that the dow jones & company is one of the world's most known stock markets, but the business hasn't always been as productive as it is today.
- Explains how the dow jones & company and other stock markets continued to get better throughout the early 1900s and by the 1920s, the stock market soared to heights that made the united states the most promising economic country in the world.
- Opines that the stock market crash was a terrible time for stockholders, but an even worse period for the banks around the united states, the majority of them being critically affected by the crash.
- Explains that stockholders were eager to invest in stocks, with hopes that they would become wealthy or rich. after the stock market crash, the u.s. saw a decline in the income of the banks.
- Explains that failing banks made it impossible for industries, farmers, and businesses to obtain loans. lack of production and mass unemployment were factors that prolonged the great depression.
- Explains that bank failure in the united states brought many negative effects to the lives of u.s. citizens.
- Explains the positive effects of bank failures and the great depression. the american government changed from a laissez-faire system to stricter governing. president hoover tried to revitalize the country, but most failed.
- Explains that the southwestern great plains region of the united states suffered a severe drought between 1930 and 1940.
- Describes the "dust bowl" as an area devastated by extreme drought, soil erosion, and economic depression during the 1930s.
- Explains that the dust bowl and droughts had many impacts on farmers and the economy throughout the 30s.
- Explains how roosevelt created the new deal program, lowered tariffs on goods, devalued the dollar, increased money supply, and helped the banking system recover from the great depression.
- Explains that the great depression was the worst financial decade for the united states economy. the stock market crashed, banks failed, and drought swept across the plains.
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The Pros And Cons Of The Great Recession
analytical essay
However prior to 2008, nearly everyone was blind to their impending doom; investors, bankers, government regulators, the general population, and even the chairman of the Federal Reserve, Alan Greenspan, a man who was considered the economic guru, was fooled into believing the prosperity America had been enjoying would last for the foreseeable future (“Rethinking” 20). By this time there had been only mild economic downturns or, at most, short periods of turmoil. Financial institutions and large corporations had grown accustomed to the decades of economic prosperity resulting from the post-war economic boom, long forgetting the lessons learned from the Great Depression (“Rethinking” 20). In fact, economists concluded that America had entered a new era of calm. After a generation of portfolio managers and investors profiting from decades of favorable returns on stocks they believed the modern economy was impervious to major calamities (“Rethinking” 20). As inflation rates fell from record highs in the late 1970s and early 1980s to the record lows that they are today, interest rates followed enabling Americans to borrow more money from
In this essay, the author
- Explains that the great recession shook the public's faith in the capitalist system and silenced those who claimed a modern economy was impervious to another broad collapse like the one in 1929.
- Analyzes how investors, bankers, government regulators, the general population, and even the chairman of the federal reserve were fooled into believing that america had entered a new era of calm.
- Explains that the overinflated value of homes made middle-class americans feel richer than ever before in the years leading up to 2008.
- Explains that the great recession shook the public's faith in the capitalist system and silenced those who claimed a modern economy was impervious to another broad collapse like the one in 1929.
- Analyzes how investors, bankers, government regulators, the general population, and even the chairman of the federal reserve were fooled into believing that america had entered a new era of calm.
- Explains that the overinflated value of homes made middle-class americans feel richer than ever before in the years leading up to 2008.
- Explains that the buildup to the economic collapse began years before 2008 when the financial industry became increasingly careless and government regulation became lenient.
- Explains that the new era of deregulation began what is today known as the shadow banking system due to the prevalence of many nonbank financial institutions.
1024 words
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Comparing The Great Depression And The Great Recession
comparative essay
These years brought despair, and even when President Roosevelt tried to step in with the New Deal, despair continued. As for the great Recession, occurring around one of America’s most traumatic historical events, this time period caused America itself to become fearful about simply living. Although, one might say, “… The Recession has called into question the benefits of free market capitalism, which has held sway for the past three decades” (Matthews, Nobel, Platt, 635). President Obama brought about some helpful tactics in order to bring the country out of the recession before it had the chance to become a depression. That being said, both the Great Depression and the Great Recession impacted families very deeply, and caused a struggle for hope throughout the
In this essay, the author
- Compares the effects of the great depression and the 2008 recession, stating that the recession was secluded to america's economy.
- Explains that both events occurred around the same time periods, such as the great depression and the recession.
- Explains that human nature creates chaos when tragedy strikes the world. the great depression and the 2008 recession were similar, but both had different characteristics.
- Compares the effects of the great depression and the 2008 recession, stating that the recession was secluded to america's economy.
- Explains that both events occurred around the same time periods, such as the great depression and the recession.
- Explains that human nature creates chaos when tragedy strikes the world. the great depression and the 2008 recession were similar, but both had different characteristics.
- Explains that unemployment, poverty, and depression were spreading throughout the nations during both of these events, causing destruction of countries economic achievements.
1486 words
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Economic Impact Of The Great Depression
analytical essay
The 1930s brought the deepest and longest-lasting economic downturn of the Western industrial world (http://www.history.com). This economic downturn was known as ‘The Great Depression’ (http://www.history.com). The Great Depression in the United States soon began after the stock market crash of October 1929 (http://www.history.com). Consumer spending and investment dropped which caused a decline in industrial output and led to rising levels of unemployment (http://www.history.com). During this time period money was scarce. People did what they had to do in order to make their lives happy (http://wwwappskc.lonestar.edu). The Great Depression was hard on the economy which in turn affected how people lived their lives and spent their money.
In this essay, the author
- Explains that the 1930s brought the deepest and longest-lasting economic downturn of the western industrial world. the great depression in the united states began after the stock market crash of october 1929.
- Analyzes how the stock market crash affected consumer confidence in a negative way.
- Explains that by 1930, 4 million americans couldn't find work and by 1931 that number was up to 6 million. farmers were struggling in their own economic depression due to drought and food prices dropping.
- Explains that the 1930s brought the deepest and longest-lasting economic downturn of the western industrial world. the great depression in the united states began after the stock market crash of october 1929.
- Analyzes how the stock market crash affected consumer confidence in a negative way.
- Explains that by 1930, 4 million americans couldn't find work and by 1931 that number was up to 6 million. farmers were struggling in their own economic depression due to drought and food prices dropping.
- Explains that during the great depression, people found ways to comfort themselves through games, music, movies, and books.
- Explains that baseball reflected the times during the great depression, when there was a lack of money, and the huge crowds of the 1920s melted away as the depression spread.
- Explains that the greatest baseball player of all time, george herman ruth jr., was affected by the great depression.
- Opines that the great depression was terrible, but people did what they had to do to make their lives happy, keep their families fed, and keep a roof over their heads.
899 words
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Compare And Contrast The Great Depression And The Recession Of 2008
analytical essay
Throughout history there have only been two major economic downturns. The Great Depression and the Recession of 2008 both occurred due to poor financial policies and excessive spending. Both events left people with a sense of hopelessness and vulnerability. A comparison of the Great Depression Era and The Recession of 2008 reveals similarities in causes and effects economically, socially, and politically.
In this essay, the author
- Compares the great depression era and the recession of 2008 to reveal similarities in causes and effects economically, socially and politically.
- Analyzes how the destruction of the war caused many americans to lose faith in reason and progress. writers showed the horrors of life after war, artists rebelled against traditional paintings, and composers created music with unusual rhythms and harsh sounds.
- Explains that after the 1920’s boom in the economy, americans began to buy a surplus of unnecessary items. women became flappers to express their disapproval with how women were supposed to act.
- Compares the great depression era and the recession of 2008 to reveal similarities in causes and effects economically, socially and politically.
- Analyzes how the destruction of the war caused many americans to lose faith in reason and progress. writers showed the horrors of life after war, artists rebelled against traditional paintings, and composers created music with unusual rhythms and harsh sounds.
- Explains that after the 1920’s boom in the economy, americans began to buy a surplus of unnecessary items. women became flappers to express their disapproval with how women were supposed to act.
- Describes consumerism as the culture surrounding the buying and selling of products during the 1920s.
- Analyzes how the great depression caused many banks to fail. people gathered around the bank doors to read the little, typewritten notice on the door.
- Analyzes how germany was affected by job loss and inflation during the great depression. the government allowed inflation to continue because big factories, banks, and multimillionaires were unaffected.
- Explains that germany and the united states created advanced and aspiring programs to deal with the unemployment issues and economic crisis caused by the great depression.
- Explains that many americans felt confused over the spending millions of dollars towards weapons and war efforts to end communism.
- Explains that the economy grew rapidly and the wages began to grow with it, which opened the door for consequences. the inequality continued to spread as ceos made 296 times more than the average employee.
- Analyzes how the recession created a decline in the economy due to the reduction in consumerism and increase of bank loans.
- Explains how the clinton administration reduced the reserve requirement to 2.5%, making it easier to get mortgages and making monthly mortgage payments low. when home prices peaked in 2005-2006, people could no longer increase their mortgage debt.
- Explains that the recession caused unemployment, rising poverty, and rising prices. college graduates and high school graduates had a difficult time finding jobs that provide health insurance coverage.
- Analyzes how the recession pushed americans towards a new and diverse type of government. sanders believes in free college and single-payer health care.
- Explains that the great depression era and the recession of 2008 reveal similarities in causes and effects economically, socially, and politically.
1712 words
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Great Depression In American Economy
explanatory essay
The Economic depression in the US had been a deepest and a long lasting slowdown of the US Economy. The great depression followed with crashing of the stock market in October 1929. And the crashing of the stock market led the Wall Street to a state of panicky with millions of investors wiped out. The aftermath of the economic depression was devastating for the US economy. For several years, consumer spending as well as investment was cut. It caused the industrial output to decline sharply, rising unemployment levels as more and more companies started to lay off their employees.
In this essay, the author
- Explains that many factors contributed to the slowdown of the us economy.
- Explains that the economic slowdown affected construction, shipping, mining, agriculture, durable goods, automobiles, and appliances. the immediate aftermath of depression included people migrating to other countries.
- Explains that the great depression was characterized by low gdp figures, high unemployment levels, deflation, crashing of the stock markets, increased poverty, economic growth in shambles, low levels of farm income.
- Explains that many factors contributed to the slowdown of the us economy.
- Explains that the economic slowdown affected construction, shipping, mining, agriculture, durable goods, automobiles, and appliances. the immediate aftermath of depression included people migrating to other countries.
- Explains that the great depression was characterized by low gdp figures, high unemployment levels, deflation, crashing of the stock markets, increased poverty, economic growth in shambles, low levels of farm income.
- Explains the causes of the economic depression were many, including increased consumer debt, markets not well-regulated, new industries not growing, and the economy spiralled downwards.
- Explains that during the period of economic slowdown in the us, industries like construction, mining, shipping, agriculture, automobile industry suffered. the then us administrations tried their best to re-instate the economy.
- Explains that many us citizens started migrating to other nations like canada, south africa and australia in search of jobs because of the economic downturn in the us.
- Explains that the us government's prefer not to engage in expanding the monetary policy because of its commitment towards gold standards.
- Explains that construction, automobile, shipping, and mining industries were badly affected during the economic depression. many people left the country in search of new pastures.
- Explains that both rich and poor countries were affected by the economic depression. personal income, tax revenue, industrial production, profits and prices fell, and global trade plunged by roughly 50%.
- Explains that the economic depression in the us had been a deepest and long lasting slowdown of us economy. the great depression followed with crashing of the stock market in october 1929.
- Explains that the great depression in the american economy was characterized by a dropping in consumer spending, piling up of unsold goods, slowing of the production, and stock market bubble burst.
- Explains how the american government strove to counter the great depression. the aftermath of depression is the collapse of the banking system.
- Explains that during the hoover administration, the government did not directly meddle in the economic affairs.
- Explains that the tennessee valley authority and works project administration helped in recovering from the great depression.
- Explains that the us economic depression began with the failure of the banking system and this happened when the farmers defaulted on the loans offered to them.
- Explains that the roosevelt administration took economic reforms to counter the economic depression and the adverse effects of it.
2106 words
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The Major Causes Of The Great Depression
explanatory essay
Throughout history America has quite a few recessions, but nothing as devastating as the Great Depression. The Great Depression was a financial collapse so terrible that it not only ripped through the United states, but affected the world (such as Britain, France, etc.) as well. The major factors that caused the Great Depression were maldistribution of purchasing power, credit structure, and debt structure. All of this plus some additional factors made the Great depression an inevitability.
In this essay, the author
- Explains that the great depression was a financial collapse so terrible that it not only ripped through the united states, but affected the world as well.
- Explains that the maldistribution of purchasing power was a major factor that caused the great depression. companies cut prices, slowed down production, and fired employees to try and make up for their losses.
- Explains that america's credit structure was another major factor that caused the great depression. farmers had to lower the prices so low that they could not make enough money to pay back their heavy debts.
- Explains that the great depression was a financial collapse so terrible that it not only ripped through the united states, but affected the world as well.
- Explains that the maldistribution of purchasing power was a major factor that caused the great depression. companies cut prices, slowed down production, and fired employees to try and make up for their losses.
- Explains that america's credit structure was another major factor that caused the great depression. farmers had to lower the prices so low that they could not make enough money to pay back their heavy debts.
- Explains that the debt structure was one of the major factors that caused the great depression from the united states to the european nations.
- Explains that the great depression was inevitable due to maldistribution of purchasing power, credit structure, and debt structure.
829 words
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Recession Essay
comparative essay
The Bureau of Labor Statistics characterizes a recession as a general slowdown in economic activity, a downturn in the business cycle, and a reduction in the amount of goods and services produced and sold. But what usually causes this slowdown to begin with? Each recession has its own specific causes, but all of them are usually preceded by a period of irrational exuberance which is part of the expansion phase of the business cycle. The most recent one, which officially lasted from December 2007 to June 2009, produced the greatest US labor-market meltdown since the Great Depression. This Great Recession began with the bursting of an 8 trillion dollar housing bubble. Irrational exuberance in the housing market led many people to buy houses they couldn’t afford because the thought was that housing prices could only go up. The bubble burst in 2006 as housing prices started to decline, threw many homeowners off guard, who had taken loans with little money down. When the realization set in that they would lose money by selling the house for less than their mortgage, they foreclosed. This triggered an enormous foreclosure rate which caused many banks and hedge funds to panic after realizing the looming huge losses due to the buying of mortgage-backed securities on the secondary market. By August 2007, banks were afraid to lend to one another because they did not want these toxic loans as collateral. This led to the $700 billion bailout, and bankruptcies or government nationalization of Bear Stearns, AIG, Fannie Mae, Freddie Mac, IndyMac Bank, and Washington Mutual. Consumer spending experienced sharp cutbacks due to the resulting loss of wealth. The combination of this along with the financial market chaos elicited by the bursting of th...
In this essay, the author
- Explains that each recession is preceded by a period of irrational exuberance, which is part of the expansion phase of business cycle.
- Compares the labor market contraction in 2008 and 2009, which was the most dramatic of any recession since the great depression. after the early 1990s recession, it took nearly two years to salvage the lost jobs.
- Explains that in 2008 and 2009 congress implemented federally funded extensions of unemployment benefits through emergency unemployment compensation (euc08) and modifications in the extended benefits (eb) program.
- Explains that each recession is preceded by a period of irrational exuberance, which is part of the expansion phase of business cycle.
- Compares the labor market contraction in 2008 and 2009, which was the most dramatic of any recession since the great depression. after the early 1990s recession, it took nearly two years to salvage the lost jobs.
- Explains that in 2008 and 2009 congress implemented federally funded extensions of unemployment benefits through emergency unemployment compensation (euc08) and modifications in the extended benefits (eb) program.
- Explains that the federal-state unemployment insurance program provides unemployment benefits to eligible workers who are unemployed through no fault of their own.
- Explains that monthly cash benefits are paid to people who are unable to work for a year or more because of disability. there are special rules, called "work incentives," that provide continued benefits and health care coverage to help you make the transition back into work.
1066 words
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Homelessness is No Longer an Issue
explanatory essay
Considered “The Great Recession,” the time period between December of 2007 and June 2009 was hard for almost every American. Once $8 trillion in housing money was lost, those who once provided for themselves could no longer do so. The U.S. labor market lost 8.4 million jobs (or 6.1% of all payroll employment) in 2008 and 2009. When compared to the recession in 1981, the Economic Policy Institute stated, “Job loss was 3.1%, or only about half as severe.” A year and four months after the recession was supposedly over, the economy was still dealing with 5.4% less jobs than it did before the recession even started.
In this essay, the author
- Opines that the "great recession" isn't over for many of america's youth, though many would disagree considering our president declared its end in 2009.
- Explains that the recession between 2007 and 2009 was hard for almost every american. the u.s. labor market lost 8.4 million jobs in 2008 and 2009.
- Explains that the "great recession" caused over 46 million to have to live in poverty right now. the child poverty rate has increased in over 30 states since the year 2000, with the southern states feeling the repercussions worst than any other region.
- Opines that the "great recession" isn't over for many of america's youth, though many would disagree considering our president declared its end in 2009.
- Explains that the recession between 2007 and 2009 was hard for almost every american. the u.s. labor market lost 8.4 million jobs in 2008 and 2009.
- Explains that the "great recession" caused over 46 million to have to live in poverty right now. the child poverty rate has increased in over 30 states since the year 2000, with the southern states feeling the repercussions worst than any other region.
- Explains that the u.s. economy catastrophe caused so many families to break up because of the emotional strain that their financial situation had brought upon them.
- Opines that the recession is the only real reason for homelessness. homelessness can be caused by unfortunate personal experiences such as veteran parents who are injured and cant seem to find work or young mothers who don’t have anyone on their side to help them financially.
- Explains that homelessness is a universal issue. a homeless person can come in any shape, size, age, gender, sexuality, and especially color.
- Explains that not everyone is emotionally strong enough to handle a situation as serious as becoming homeless, and that one-third of homeless mothers have had at least one suicide attempt.
- Explains that parents aren't the only ones in the family that have to focus on staying strong. when it comes to health issues, homeless children have the worst.
- Compares the mental/emotional problems of homeless children with those of their parents. homeless children go hungry twice the rate of other children and have high rates of obesity due to nutritional deficiencies.
- Explains that domestic violence is a primary cause of homelessness for women and children. by the age of 12, 83% of homeless children had been exposed to at least one violent event.
- Explains that schooling is another hardship that homeless children have to deal with. some parents aren't able to teach their children the essentials that they need at a young age, causing them to be behind by the time they become adolescents.
- Opines that homelessness is a constantly growing problem in america. putting aside selfish ways to get someone to be happy, healthy, and most importantly, sheltered, can change lives for the better.
- Cites the national center on family homeless, "america's youngest outcasts 2010," and goodyear, sarah.
- Cites statisticbrain.com's "homelessness / poverty stats." national coalition for the homeless, july 2009.
- States strauss, valerie, "record number of homeless children enrolled in public schools, new data show."
- Explains the characteristics and needs of families experiencing homelessness. the national center on family homelessness, dec. 2011.
1285 words
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Great Depression vs. The Great Recession
analytical essay
Since being founded, America became a capitalist society. Being a capitalist society obtains luxurious benefits and rather harsh consequences if gone bad. In a capitalist society people must buy products and spend money to keep the economy balanced, but once those people stop spending money, the economy goes off balance and the nation enters a recession. Once a recession drastically takes a downturn, the nation enters what is known as a depression. In 2008 America entered a recession and its consequences were severe enough for some people, such as President Barack Obama, to compare the recent crisis to the world’s darkest economic depression in history, the Great Depression. Although the Great Depression and the Great Recession of 2008 hold similarities and differences between the stock market and government spending, political issues, lifestyle changes, and wealth distribution, the Great Depression proved far more detrimental consequences than the Recession.
In this essay, the author
- Explains that america became a capitalist society in 2008, and compared it to the world's darkest economic depression, the great depression.
- Explains that the 1920's marked economic and social change in america. women took over men’s jobs during the war while their husbands were overseas.
- Explains how the pump and dump scheme led to overinflation of stocks and panic buying. the credit backing crumbled and more money was put up to pay the loans when stock prices decreased.
- Explains that america became a capitalist society in 2008, and compared it to the world's darkest economic depression, the great depression.
- Explains that the 1920's marked economic and social change in america. women took over men’s jobs during the war while their husbands were overseas.
- Explains how the pump and dump scheme led to overinflation of stocks and panic buying. the credit backing crumbled and more money was put up to pay the loans when stock prices decreased.
- Explains that the "great recession" focused on the housing bubble. the mortgage broker would sell the mortgage to a bank and the bank would split it into safe, okay, and risky.
- Explains how the investment groups became greedy and the banks turned back to the mortgage brokers to buy more mortgages. the increase in foreclosed houses caused the price of houses to go down.
- Analyzes how the stock market crashed and government spending differentiated between the great depression and great recession.
- Explains that government spending dropped by more than $3 billion just between 1920 and 1922. people spending money and buying raised consumerism in america which allowed the government to lowed federal spending.
- Narrates forbes magazine's "the great depression and the great recession."
- Analyzes buhle, mari j., daniel czitrom, and susan h. armitage. chapter 24: the great depression and the new deal.
- Explains gill, kathy, and about.com us politics' "what caused the great depression?"
- Analyzes harvey, john t., "the great recession: how we got here (and how to get out)." forbes.
- States that hill, ryan, "total spending us from fy 1920 to fy 1930." n.p.
- Analyzes how the great recession has changed life in america. pew research centers social demographic trends project rss.
- Explains mulligan, casey b., "who lost work during the great recession?" economix.
- Analyzes the reasons behind the 2008 recession. jonathan jarvis, john levoff and crisisofcredit.com.
- Explains the zshmoop editorial team's "politics in the great depression."
- Analyzes waggoner, john, "is today's economic crisis another great depression?" usa today.
1439 words
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Comparing the Great Depression to the Great Recession
argumentative essay
The Great Depression and the Great Recession of the early 21st Century have many things in common. The Great Depression and the Great Recession both experienced good economic times before they crashed. Prior to the Great Depression, (1921-1929) the annual real economic growth was at 4.4 percent. Though less, the annual real economic growth prior to the Great Recession was at 3.2 percent. The banks before both times moved into new business lines. In the 1920s banks increased real estate lending and also increased investment banking. Prior to the Great Recession, (1990s-2000s) banks increased real estate lending and the securitization of mortgages. In both times, they were preceded by the innovations in consumer finances of their times. Prior to the Great Depression, (1920s) installment in consumer credit became more popular this included monthly payments. In the 2000’s prior to the recession, banks increased real estate lending and the securitization of mortgages. Pre Great Depression and the Great Recession they were asset bubbles in both real estate and tech-stock market. During the 1920s there was a surge in the Florida real estate as well as the stock market. The time during the 1990s and 2000s were a little different because of the fact that the tech stock market also took off and that the residential real estate grew.
In this essay, the author
- Compares the great depression and great recession of the early 21st century. both experienced good economic times before they crashed.
- Analyzes how the federal reserve was highly thought of during the great depression and great recession. both obama and roosevelt increased taxes in their presidency but high taxes followed by large spending.
- Compares the agricultural adjustment administration (aaa) and the federal farm act, which gave money to farmers to try to help them and in turn the economy.
- Compares the great depression and great recession of the early 21st century. both experienced good economic times before they crashed.
- Analyzes how the federal reserve was highly thought of during the great depression and great recession. both obama and roosevelt increased taxes in their presidency but high taxes followed by large spending.
- Compares the agricultural adjustment administration (aaa) and the federal farm act, which gave money to farmers to try to help them and in turn the economy.
- Cites white house's economic analysis of the car allowance rebate system.
- Explains the "home owners loan corporation." next new deal. roosevelt institute, 2014.
- Explains that f.h.a provides mortgage insurance on loans on single family and multifamily homes. h.o.l.c is a corporation that refinances homes that were to be foreclosed or to default on their payments.
- Explains the car allowance rebate system (c.a.r.s) program put in by obama's administration in 2009. the program encourages the public to buy new and more environmentally friendly cars.
836 words
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The Great Recession Essay
explanatory essay
What caused the Great Recession that lasted from December 2007 to June 2009 in the United States? The United States a country with abundance of resources from jobs, education, money and power went from one day of economic balance to the next suffering major dimensions crisis. According to the Economic Policy Institute, it all began in 2007 from the credit crisis, which resulted in an 8 trillion dollar housing bubble (n.d.). This said by Economist analysts to attributed to the collapse in the United States. Even today, strong debates continue over major issues caused by the Great Recession in part over the accommodative federal monetary and fiscal policy (Economic Policy Institute, 2013). The Great Recession of 2007 – 2009 enlarges the longest financial crisis since the Great Depression of 1929 – 1932 that damaged the economy.
In this essay, the author
- Explains the causes of the great recession, which lasted from december 2007 to june 2009 in the united states.
- Explains the causes of the great recession, which started when the united states was given billions of dollars abroad and financiers conceiving of making a profit.
- Explains that fannie mae backed mortgage bundles called "collateralized debt obligations" to financiers, which than sold to banks, pension funds in the united states and abroad.
- Explains the causes of the great recession, which lasted from december 2007 to june 2009 in the united states.
- Explains the causes of the great recession, which started when the united states was given billions of dollars abroad and financiers conceiving of making a profit.
- Explains that fannie mae backed mortgage bundles called "collateralized debt obligations" to financiers, which than sold to banks, pension funds in the united states and abroad.
- Explains that 40 percent of all u.s. mortgages – 25 million loans were not of low quality known as subprime according to wallison & pinto.
- Explains the effects of the great recession on the u.s. labor market.
- Explains how the u.s. used fiscal and monetary policies to fight the 2008 recession.
- Explains that the u.s. economy has come a long way since june 2009 at the end of the great recession with the usage of monetary and fiscal policymakers.
- Explains the role of moral hazard in the recession and recovery.
1080 words
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