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Discuss The Causes Of The Great Recession In America In The 1930s

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In the 1930s the worst economic depression America had ever and has ever faced occurred. It started in 1929 when the stock market crashed. After this banks all over America began to close, causing many Americans to lose their savings. By 1932 businesses were only producing half as much as they had before the stock market crash, hurting the economy even more. By 1933 a quarter of Americans were unemployed, leading to businesses making even less money. The latest recession in America was the recession that took place from 2007 to 2009. The “Great Recession” as its known, was caused by multiple economic problems, the biggest of which was the bursting of the housing bubble in 2007. The government responded to these economic problems by printing

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