Abstract

http://ssrn.com/abstract=1970641
 
 

References (21)



 


 



The Great Depression and the 2007-2009 Recession: The First Two Years Compared


Hamid Shomali


Golden Gate University - Ageno School of Business

Gwendolyn Giblin


Golden Gate University - Ageno School of Business

December 1, 2010

International Research Journal of Finance and Economics, No. 59, p. 15, December 2010

Abstract:     
The 2007-2009 recession was the most severe economic downturn since the Great Depression. However, most research regarding the Great Depression focuses on the entire decade of the 1930s. This paper compares the first two years of the Great Depression and 2007-2009 recession, including the: (1) causes; (2) severity; and (3) policy reactions. When viewed in this manner, it appears that the more recent financial downturn is not “another Great Depression.” While in some respects it was more severe than the Great Depression in year one, the two year data indicates that direct comparisons are not warranted.

Number of Pages in PDF File: 8

Keywords: Great Depression, financial crisis, recession, 2007-2009 recession, fiscal policy, monetary policy

JEL Classification: B22, E60

Accepted Paper Series


Download This Paper

Date posted: December 11, 2011 ; Last revised: January 22, 2012

Suggested Citation

Shomali, Hamid and Giblin, Gwendolyn, The Great Depression and the 2007-2009 Recession: The First Two Years Compared (December 1, 2010). International Research Journal of Finance and Economics, No. 59, p. 15, December 2010. Available at SSRN: http://ssrn.com/abstract=1970641

Contact Information

Hamid Shomali
Golden Gate University - Ageno School of Business ( email )
536 Mission Street
San Francisco, CA 94105
United States
HOME PAGE: http://www.ggu.edu/about/faculty/faculty_directory/hamid_shomali
Gwendolyn Giblin (Contact Author)
Golden Gate University - Ageno School of Business ( email )
536 Mission Street
San Francisco, CA 94105
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,795
Downloads: 317
Download Rank: 52,992
References:  21

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.281 seconds