Great Recession Essay

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From Great Depression to Great Credit Recession: (Similarities, Differences, Events Leading up to, Aftermaths, and Corrections) Prepared for FIN 342 Mihaylo School of Business and Economics Presented by November 14, 2010 Table of Contents Abstract ........................................................................................................................................... 3 2. The Great Depression ................................................................................................................. 4 2.1. Upcoming of the Great Depression ...................................................................................... 4 2.1.1. The general situation in the 1920s ................................................................................. 4 2.1.2. Speculation .................................................................................................................... 6 2.1.3. When and why did the economy slide into a recession? ............................................... 7 2.1.4. The Great Crash in October 1929 .................................................................................. 8 2.1.5. The role of the Fed and the government ...................................................................... 10 2.2. The Great Depression ......................................................................................................... 11 2.2.1. The early 1930s and Hoover’s policies ....................................................................... 11 2.2.2. Roosevelt’s “New Deal” and the road to recovery ...................................................... 12 2.2.3. The political consequences of the depression.............................................................. 13 2.2.4. A monetarist view on the depression and the role of the Fed ...................................... 14
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