Recession History and The Current Economic Crisis » Great Depression http://recessionhistory.info Global economic recession history 2011 Tue, 07 Feb 2012 04:25:37 +0000 en hourly 1 http://wordpress.org/?v=3.1 Comparisons and contrasts of the Great Depression and the recent US economic crisis? http://recessionhistory.info/comparisons-and-contrasts-of-the-great-depression-and-the-recent-us-economic-crisis/?utm_source=rss&utm_medium=rss&utm_campaign=comparisons-and-contrasts-of-the-great-depression-and-the-recent-us-economic-crisis http://recessionhistory.info/comparisons-and-contrasts-of-the-great-depression-and-the-recent-us-economic-crisis/#comments Tue, 07 Feb 2012 04:25:37 +0000 admin http://recessionhistory.info/comparisons-and-contrasts-of-the-great-depression-and-the-recent-us-economic-crisis/ great depression
by Kevin Burkett

Question by : Comparisons and contrasts of the Great Depression and the recent US economic crisis?
I am only a freshman, so kid-friendly please! I am wondering how to great depression and the recent US economic crisis are different and similar. How is the impact similar? How is it different? How are the causes different? And is anything else about the two crisis’s the same or similar, and i Don’t want obvious stuff! Thanks!

Best answer:

Answer by simplicitus
ROTFL – you want it kid-friendly but not obvious? There is a reason you have to study economics – it is not trivial!

http://www.voxeu.org/index.php?q=node/3421

econ161.berkeley.edu/pdf_files/liquidation_cycles.pdf

The stimulus package made a difference,

http://www.upi.com/Business_News/2009/11/21/Economists-Stimulus-package-helped/UPI-82811258815643/

http://thehill.com/blogs/blog-briefing-room/news/69923-cbo-stimulus-saved-or-created-as-many-as-16m-jobs

but it was too small:

http://krugman.blogs.nytimes.com/2009/01/06/stimulus-arithmetic-wonkish-but-important/

Types of recessions:

http://delong.typepad.com/sdj/2010/08/first-draft-of-september-8-principles-of-economics-lecture-financial-markets-and-depression-economics.html

This one seems to be a balance sheet recession:

http://www.montpelerin.org/documents/MPS%20NYC%2009%20Papers/MPS%20NYC%20Axel%20Leijonhufvud%20paper.pdf

What do you think? Answer below!

]]> http://recessionhistory.info/comparisons-and-contrasts-of-the-great-depression-and-the-recent-us-economic-crisis/feed/ 0 What did families during the Great Depression/Dust Bowl do to cure sickness with their children? Besides going? http://recessionhistory.info/what-did-families-during-the-great-depressiondust-bowl-do-to-cure-sickness-with-their-children-besides-going/?utm_source=rss&utm_medium=rss&utm_campaign=what-did-families-during-the-great-depressiondust-bowl-do-to-cure-sickness-with-their-children-besides-going http://recessionhistory.info/what-did-families-during-the-great-depressiondust-bowl-do-to-cure-sickness-with-their-children-besides-going/#comments Mon, 06 Feb 2012 09:25:14 +0000 admin http://recessionhistory.info/what-did-families-during-the-great-depressiondust-bowl-do-to-cure-sickness-with-their-children-besides-going/ great depression
by samdessordi

Question by Jenna: What did families during the Great Depression/Dust Bowl do to cure sickness with their children? Besides going?
What did families during the Great Depression/Dust Bowl do to cure sickness with their children?
Besides going to a doctor or getting one? What did they try? Anything unusual but common?

Best answer:

Answer by Who Else?
I asked my 86-year-old mother, who grew up in Oklahoma during that time period. She says that back then, doctors would drive out to your house if someone was sick. In other words, it was actually better in terms of personal care than it is today! Of course, medicine has improved – she adds that her mother used castor oil for most every ailment. I suspect that some families relied on folk medicine and herbal remedies, but I don’t have first-hand knowledge of that.

Give your answer to this question below!

]]> http://recessionhistory.info/what-did-families-during-the-great-depressiondust-bowl-do-to-cure-sickness-with-their-children-besides-going/feed/ 0 How long will it take to clean up the Republican great depression? http://recessionhistory.info/how-long-will-it-take-to-clean-up-the-republican-great-depression/?utm_source=rss&utm_medium=rss&utm_campaign=how-long-will-it-take-to-clean-up-the-republican-great-depression http://recessionhistory.info/how-long-will-it-take-to-clean-up-the-republican-great-depression/#comments Fri, 03 Feb 2012 05:27:08 +0000 admin http://recessionhistory.info/how-long-will-it-take-to-clean-up-the-republican-great-depression/ Question by : How long will it take to clean up the Republican great depression?
Clinton had the greatest economic expansion in history and left a budget surplus.

Republicans turned it into a great depression.

Best answer:

Answer by Dark Night
It’s not a depression. And things didn’t start falling about until Democrats took control of Congress in 2007.

Add your own answer in the comments!

]]> http://recessionhistory.info/how-long-will-it-take-to-clean-up-the-republican-great-depression/feed/ 11 How would you compare the Great Depression to today’s recession? http://recessionhistory.info/how-would-you-compare-the-great-depression-to-todays-recession/?utm_source=rss&utm_medium=rss&utm_campaign=how-would-you-compare-the-great-depression-to-todays-recession http://recessionhistory.info/how-would-you-compare-the-great-depression-to-todays-recession/#comments Wed, 01 Feb 2012 15:26:11 +0000 admin http://recessionhistory.info/how-would-you-compare-the-great-depression-to-todays-recession/ great depression
by onohoku

Question by samantha: How would you compare the Great Depression to today’s recession?
I learned in economics that the Great Depression itself is nowhere near comparable to today’s recession, but I’m wondering how to compare the two in terms of reactions. As in, how America has reacted to each.

Thanks! :)
I know it’s not comparable economically, but I’m saying in terms of how people reacted.

Best answer:

Answer by PLANETEARTH
Its the same thing just 2010

Give your answer to this question below!

]]> http://recessionhistory.info/how-would-you-compare-the-great-depression-to-todays-recession/feed/ 8 What were the causes of the great depression? http://recessionhistory.info/what-were-the-causes-of-the-great-depression/?utm_source=rss&utm_medium=rss&utm_campaign=what-were-the-causes-of-the-great-depression http://recessionhistory.info/what-were-the-causes-of-the-great-depression/#comments Tue, 31 Jan 2012 20:26:48 +0000 admin http://recessionhistory.info/what-were-the-causes-of-the-great-depression/ Question by Ashley Erin: What were the causes of the great depression?
What was wrong with the stock market during the 1930s and why did it crash? Why did that lead to the great depression? Why didn’t Hoover try to fix things? How were the people affected by the depression?

Best answer:

Answer by getufit
from what i understand it happened as a result of the new “buy now, pay later” method

Know better? Leave your own answer in the comments!

]]> http://recessionhistory.info/what-were-the-causes-of-the-great-depression/feed/ 1 Q&A: How did the store prices change during the great depression? http://recessionhistory.info/qa-how-did-the-store-prices-change-during-the-great-depression/?utm_source=rss&utm_medium=rss&utm_campaign=qa-how-did-the-store-prices-change-during-the-great-depression http://recessionhistory.info/qa-how-did-the-store-prices-change-during-the-great-depression/#comments Mon, 30 Jan 2012 06:31:07 +0000 admin http://recessionhistory.info/qa-how-did-the-store-prices-change-during-the-great-depression/ Question by : How did the store prices change during the great depression?
Thanks for the answer its for a school paper about the great depression its a research project more info can help if u have it thanks!

Best answer:

Answer by Derek
Rampant inflation caused the prices to skyrocket, but the money in the pocket was worth a lot less.

Add your own answer in the comments!

]]> http://recessionhistory.info/qa-how-did-the-store-prices-change-during-the-great-depression/feed/ 0 How was the average american affected by the great depression? http://recessionhistory.info/how-was-the-average-american-affected-by-the-great-depression/?utm_source=rss&utm_medium=rss&utm_campaign=how-was-the-average-american-affected-by-the-great-depression http://recessionhistory.info/how-was-the-average-american-affected-by-the-great-depression/#comments Wed, 25 Jan 2012 12:27:19 +0000 admin http://recessionhistory.info/how-was-the-average-american-affected-by-the-great-depression/ Question by robert f: How was the average american affected by the great depression?
I think of the great depression as an economic disaster. How was the average american affected by it? Did most americans lose their jobs? Could most americans afford to buy food?

Best answer:

Answer by katlvr125
most Americans lost their jobs in factories as there was not enough money to keep them running. farmers lost their crops due to dust bowls and other natural disasters like locusts therefore forcing the cost of food to skyrocket

Add your own answer in the comments!

]]> http://recessionhistory.info/how-was-the-average-american-affected-by-the-great-depression/feed/ 2 how did the economy cycle work during the great depression? http://recessionhistory.info/how-did-the-economy-cycle-work-during-the-great-depression/?utm_source=rss&utm_medium=rss&utm_campaign=how-did-the-economy-cycle-work-during-the-great-depression http://recessionhistory.info/how-did-the-economy-cycle-work-during-the-great-depression/#comments Wed, 18 Jan 2012 09:25:47 +0000 admin http://recessionhistory.info/how-did-the-economy-cycle-work-during-the-great-depression/ Question by Jelly fish: how did the economy cycle work during the great depression?
I am writing an essay on the economy cycle during the Great Depression and was wondering these things:

*Explain how the economy works as a cycle.

*Describe how both a flourishing and a failing economy follows a cycle.

*What types of events could cause a break in a successful economy, causing an economy to fail?

Response would be greatlly apriciated, thanks!

Best answer:

Answer by Know No
it was interrupted by the great EVIL of socialism… look at the other copies of this question you have already posted

Know better? Leave your own answer in the comments!

]]> http://recessionhistory.info/how-did-the-economy-cycle-work-during-the-great-depression/feed/ 0 Q&A: What was the thing during the Great Depression when the gov’t had people go around and record stories & songs? http://recessionhistory.info/qa-what-was-the-thing-during-the-great-depression-when-the-govt-had-people-go-around-and-record-stories-songs/?utm_source=rss&utm_medium=rss&utm_campaign=qa-what-was-the-thing-during-the-great-depression-when-the-govt-had-people-go-around-and-record-stories-songs http://recessionhistory.info/qa-what-was-the-thing-during-the-great-depression-when-the-govt-had-people-go-around-and-record-stories-songs/#comments Mon, 16 Jan 2012 00:25:21 +0000 admin http://recessionhistory.info/qa-what-was-the-thing-during-the-great-depression-when-the-govt-had-people-go-around-and-record-stories-songs/ Question by : What was the thing during the Great Depression when the gov’t had people go around and record stories & songs?
Haha, EXACTLY the number of characters allowed in a question.

Anyways, I’m trying to find “primary resources” for a project, and I have to research B’rer Rabbit and bear and so on and so forth, but yeah. I know that, during the Great Depression, the government had people go around and document stories and songs from just random people, and I think the story might be recorded. What was that project called? A link to the database would be great! Thanks!

Best answer:

Answer by ouragon
Wasn’t it the WPA’s Artists and Writer’s Project?

http://www.broward.org/library/bienes/lii10213.htm

http://en.wikipedia.org/wiki/Federal_Writers’_Project

This doesn’t look like it, exactly, but maybe you’ll find a link.

Give your answer to this question below!

]]> http://recessionhistory.info/qa-what-was-the-thing-during-the-great-depression-when-the-govt-had-people-go-around-and-record-stories-songs/feed/ 0 Since the lowest tax rate tripled during the great depression, is the middle class about to become poor? http://recessionhistory.info/since-the-lowest-tax-rate-tripled-during-the-great-depression-is-the-middle-class-about-to-become-poor/?utm_source=rss&utm_medium=rss&utm_campaign=since-the-lowest-tax-rate-tripled-during-the-great-depression-is-the-middle-class-about-to-become-poor http://recessionhistory.info/since-the-lowest-tax-rate-tripled-during-the-great-depression-is-the-middle-class-about-to-become-poor/#comments Sat, 14 Jan 2012 19:53:41 +0000 admin http://recessionhistory.info/since-the-lowest-tax-rate-tripled-during-the-great-depression-is-the-middle-class-about-to-become-poor/ great depression
by catchesthelight

Question by grandma zaza: Since the lowest tax rate tripled during the great depression, is the middle class about to become poor?
Obama says, “We are in the worst economic times since the great depression.” (I want my fear mongering back!)

So, do middle class taxpayers think they will somehow be protected from paying off this spending spree?
I don’t believe we are in the worst economic times since the great depression. Not even close. I believe Obama is using this recession to further his social agenda and it will indeed equal out the classes to just two……the very rich and the poor.
Freedom rocks** “Yes we will” become poorer! Exactly!

Best answer:

Answer by RichB
I actually think this depression will be the death of the middle classes.

It suits the elite for there to be only two classes – a small elite and a large underclass.

What do you think? Answer below!

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