THE ROARING 20S 1920 1929
AMERICAN POLITICS IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a surplus in the federal budget
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a decrease in federal support for unemployment insurance
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a limit on the power of the Federal Reserve System
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an expansion of the federal government’s role in stabilizing the economy
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Detailed explanation-1: -The overall scale of impact of the great depression on the economy is far more severe than recession. The overall scale of impact of the recession on the economy is far less severe than the great depression. A great depression, like the one which took place in the 1930s, can last for several years.
Detailed explanation-2: -Question: What did the Great Depression and the Great Recession have in common? Answer: Huge economic slumps accompanied both. Also, the diagnoses and prescriptions were the same. Both catastrophes were laid at the feet of market failure (read: the capitalist system is inherently flawed and prone to failure).
Detailed explanation-3: -The Great Recession, one of the worst economic declines in US history, officially lasted from December 2007 to June 2009. The collapse of the housing market-fueled by low interest rates, easy credit, insufficient regulation, and toxic subprime mortgages-led to the economic crisis.
Detailed explanation-4: -Answer to Problem 1DQ The recession of 2007-2009 was the most profound and the longest recession of all times. It continued for 18 months, which was almost twice as long as that of the previous recession of 1930 (9.5 months).