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Great Depression vs. Great Recession

May 7, 2023

1. Comparison of Events: What was the extent of economic decline in each of the two events? Discuss in terms of GDP, unemployment, and other major economic variables.

2. Government Reactions: Compare changes in the government reactions to the initial shocks to the economy and the initial adjustments to the regulation of business and financial institutions.

3. Effects on Business Decision-Making: Compare the effects of the shocks on the economy to business decision-making in the public sphere during the relevant time periods.

4. Economic Models: How did the nature of economic models and their use in policy making change during these time periods? Essay Instructions: •Times New Roman Font •No larger than 12 point font •Double spaced •No extra spaces between paragraphs •Always double check spelling and grammar! •4-8 pages, not including cover or works cited page (does NOT include abstract) •Cover page

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Depression, Great, Recession

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