Question

In what ways were government actions regarding the economy similar during the Great Depression and the...

In what ways were government actions regarding the economy similar during the Great Depression and

the Great Recession of 2008?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Both events, The great depression and the great recession of 2008, affected the economy of the country very badly. It had various adverse effects on the employment, stock market, and banks of the country, and the income level of the people in the country also declined due to which government took various measures that were common in both the events.
The government mainly focused on increasing the output, so; various actions were taken to revive their global market. The government also took various amendments in their tax policies; changes were also made in the fiscal policies.
The government hoped that improving the performance of the country in the international market can raise their country from the adverse effects of both the events so that the problems of the people in the country can be solved.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Compare changes in the government reations to the initial shocks to the economy during the Great...
Compare changes in the government reations to the initial shocks to the economy during the Great Depression and the Covid19 recession.
Regarding the Subprime Mortgage Crisis that created the Great Recession of 2008, Examine prior government policies...
Regarding the Subprime Mortgage Crisis that created the Great Recession of 2008, Examine prior government policies and legislation that might have exacerbated the impact of the shocks. Also, discuss government actions/regulations that might be undertaken, and/or have been undertaken, to moderate the effects of extreme economic fluctuations. Thank you.
Was Henry Ford in favor of government intervention during great depression or oppose of government intervention...
Was Henry Ford in favor of government intervention during great depression or oppose of government intervention during great depresstion? Please explain (type) in 2-3 paragraphs. Thank you.
6) What were the roles of government and business from the Civil War to the Great...
6) What were the roles of government and business from the Civil War to the Great Depression ? 7) What are the traditional differences between Republicans and Democrats regarding government regulation? 8) What was the impact of the Great Depression on the roles of business and governmen 12) What has the NRA accomplished for its members?
What would you say was the primary cause of the Great Depression in the United States....
What would you say was the primary cause of the Great Depression in the United States. How did the United States economy recover? How does this differ from the 2008 Recession in the United States? How can I structure my answer to this question into an essay? I want to talk about the stock market crash of 1929 as the primary cause of the great depression.
If you were in government during 2008, what specific Fiscal and Monetary Policy actions would you...
If you were in government during 2008, what specific Fiscal and Monetary Policy actions would you suggest and why? (4 sentences long)
TOPIC: Determining the money supply and multiplier during the Great Depression versus the Great Recession of...
TOPIC: Determining the money supply and multiplier during the Great Depression versus the Great Recession of 2007-2009. A) Identify the factors that determine the money supply. B) Write down the multiplier C) For each factor, explain which player(s) control or influence it. D) Determine how and why they affect the size of money supply. E) Explain the impact of all these factors on the money supply during the Great Depression of 1930's and the Great Recession 2007-2009.
2. During the 1930s the U.S. entered the Great Depression. During the Great depression investment fell...
2. During the 1930s the U.S. entered the Great Depression. During the Great depression investment fell from a yearly rate of $16.7 billion to $1.7 billion. In 1932, President Hoover increased income taxes.  Assume the MPC is .8. All the following problems require mathematical calculations except part C). a) What effect did the decline in investment have on AD? b) Assume that Hoover increased income taxes by $10 billion. How it affects AD and therefore, the economy? c) Given your answer...
In what ways did the Civil War and the Great Depression change the Constitution?
In what ways did the Civil War and the Great Depression change the Constitution?
During the most recent recession—the so-called Great Recession in 2008—the United States government increased the amount...
During the most recent recession—the so-called Great Recession in 2008—the United States government increased the amount of time an individual was eligible for unemployment benefits from a maximum of 26 weeks to a maximum of 99 weeks. How does it compare with the policies during coronavirus in 2020? How is this likely to change the incentives facing the unemployed? (To be eligible for unemployment benefits, one must be “looking for work” and not have refused “suitable work”) What might this...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT