The Similarities Between The Great Depression And Rsquo's

409 Words2 Pages
Herbert Hoover, Franklin D. Roosevelt, George Bush and Barrack Obama. These men all have something in common. As well as being presidents, they also have had to deal with hard economic times during their terms in office, more specifically the Great Depression of the 1930s and today’s recession. The Great Depression and today’s recession have many similarities. Both have been lead by a period of excessive debt. A crash in the stock market has reduced people’s wealth and will to spend money, causing small businesses to close due to the lack of cash flow. The amount of people that have lost their jobs has risen and is expected to keep rising. Banks slowed or stopped lending to avoid large losses and some banks failed. Although
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