From the Great Depression to the Great Recession

Harding, John T.
May 2010
Phi Kappa Phi Forum;Spring2010, Vol. 90 Issue 1, p22
Academic Journal
The article offers a comparison of the economic recovery programs of former U.S. President Franklin Delano Roosevelt (FDR) and President Barack Obama. The Great Depression during FDR's administration started with the collapse of financial markets, while the Great Recession during Obama's time began with irrational exuberance in credit markets. Obama used the principle of FDR in his stimulus program. A quote from the book "Essays on the Great Depression," by Ben S. Bernanke is also included.


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