The Great Depression And The Recession Of 2008 Essay

The Great Depression And The Recession Of 2008 Essay

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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.
Life after the war took a toll on many Americans. The destruction of the war caused many people to lose faith in reason and progress. Some people became existentialists, which are people who believe there is no meaning to the world. Writers showed the horrors of life after war, artists rebelled against traditional paintings and composers began to create music with unusual rhythms and harsh sounds. While America’s economy was quickly growing, people were struggling. Workers could not buy enough goods and when their purchases slowed down, the production in factories also slowed down. Farmers faced slow sales with low prices. These farmers were unable to repay loans and most farmers lost their land. The war made many Americans confused and changed their way of life, which led to the Great Depression.
After the 1920’s boom in the economy, Americans started to buy a surplus of unnecessary items. Women began to change how they acted and dressed. Women became flappers to express their disapproval with how women were supposed to act. Drinking, smoking, and fashion were ways for flappers to show their sophistication. Americans began drinking excessively because it was a way to forget the tragedies of the war and to do so, they covered their sorrows in alcohol and engrossed themselves with parties. Drinking became a very casual thing ...


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...e companies. Sanders also believes there should be a huge minimum wage increase. Sanders and Trump both called for a restriction on free-trade between the United States and other countries. Both candidates believe that reducing the amount of free-trade with create higher wages for workers, however, many economists say that reducing free-trade will make the nation more poor. Also, Sanders wants to expand Social Security through tax increases. Many citizens believe these ideas could benefit America, but in reality it would cause more issues.
The Great Depression Era and The Recession of 2008 reveal similarities in causes and effects economically, socially, and politically. When the government has more control and restrictions, society tends to function more properly. History is trying to tell us that a less strict society typically results in an economic downfall.

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