Great Depression vs Great Recession

GREAT DEPRESSION GREAT RECESSION The Great Recession has often been compared to the Great Depression. This is how they match up. A simple comparison of what caused the majority of the problems between both the events GREAT DEPRESSION GREAT RECESSION TOO MANY CONSUMERS BORROWING IRRESPONSIBLY TOO MANY BANKS LENDING IRRESPONSIBLY presented by paydayloan.couk TOTAL CIVILIAN EMPLOYMENT PERCENTAGE CHANGE FROM PRE-CRISIS PEAK BANK FAILURES BANK U.S. 2008-09 FINANCIAL CRISIS AVG. OF 5 MOST RECENT ADVANCED ECONOMY FINANCIAL CRISES U.S. GREAT DEPRESSION 9,096 | 50% OF BANKS 0.6% OF BANKS -20% •10% UNEMPLOYMENT RATES will work for food O 0% -10% 25% 8.5% -20% 12 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 YEARS SINCE PRE-CRISIS PEAK ECONOMIC DECLINE EMERGENCY SPENDING PROGRAMS -26.5% -3.3% 1.5% OF GDP 2.5% OF GDP FOR 1 YEAR FOR 2 YEARS BIGGEST DECLINE IN DOW JONES INDUSTRIAL STATES' RESPONSE AVERAGE RAISE TAXES, CUT SPENDING FEDERAL STIMULUS PLAN GIVES -89.2% 53.8% FISCAL RELIEF TO STATES TO LESSEN IMPACT OF TAX INCREASES CHANGES IN PRICES INCREASE IN MONEY SUPPLY BY FEDERAL RESERVE 1.20 8.77 -25% +0.5% 17% 125% RISING SHARE OF YOUNG ADULTS LIVING IN MULTI-GENERATIONAL HOUSEHOLDS 27.7% % OF ADULTS ( 25-34 ) LIVING IN A MULTI-GENERATIONAL HOUSEHOLD BOTH ROOSEVELT AND 21.6% OBAMA HAVE USED "WALL STREET BANKERS' AS SCAPEGOATS 11.0% 1940 1950 1960 1970 1980 1990 2000 2010 ARE WE HEADING INTO ANOTHER GREAT DEPRESSION? YOU DECIDE. presented by. paydayloan SINCE 1998 SOURCES: http://www.thefreemanonline.org/columns/our-economic-past/comparing-the-great-depression-to-the-great-recession/ http://www.dailyfinance.com/2012/07/09/recession-gift-multigenerational-households/ http://money.cnn.com/news/storysupplement/economy/recession_depression/ http://www.cbsnews.com/8301-503544 162-57400369-503544/national-debt-has-increased-more-under-obama-than-under-bush/ ---------------- -----------------