Economic Policies of the Great Depression and the Great Recession
The policies that the government put into law affected the Great Depression and the Great Recession. Some of these policies helped the economy in an essential way. Other policies didn't help out with the economy. It was either because they were put into law at a poor time during the economic crisis or they targeted the problems inaccurately, causing them to become worse.
Policies: The Great DepressionA series of policies that helped the economy during the Great Depression was the New Deal. It wasn't the main reason that America got out of the Great Depression, but it was step up to get out of the Great Depression. The New Deal targeted unemployment, federal budget, business, environment, etc. The government needed policies to help the country, so all ideas were open.
For more information on the New Deal policies the government passed and their intended purposes to bring the American economy back up, click on the "New Deal Programs" page. |
Policies: The Great RecessionDuring the Great Recession, the government passed multiple stimulus packages to help the country's economy and the states' economy more specifically. Stimulus packages such as $700 billion Bush stimulus, the $787 billion Obama stimulus, and the $1 trillion Obama stimulus. Due to the sources used to research the stimulus packages, Obama's $787 billion stimulus plan to be more successful than the other two stimulus packages. Within these stimulus, they were programs that target unemployment, the federal budget, business, environment, etc., similar to the Great Depression.
For more information on the stimulus package the government passed during the Great Recession, click on the "Obama's $787 Stimulus Package" page. |