The Great Depression was a worldwide economic depression that took place from the late 1920s through the 1930s. For decades, debates went on about what caused the economic catastrophe, and economists remain split over a number of different schools of thought. In broad terms, the event was most likely caused by overly optimistic investor sentiment and the availability of easy credit for consumers and businesses following World War I. (Institute, The Great Depression, 2015)

"The Global Financial Crisis of 2008-2009 refers to the massive financial crisis the world faced from 2008 to 2009. The financial crisis took its toll on individuals and institutions around the globe, with millions of American being deeply impacted. Financial institutions started to sink, many were absorbed by larger entities, and the US Government was forced to offer bailouts to keep many institutions afloat. The crisis, often referred to as "The Great Recession," didn't happen overnight. There were many factors present leading up to the crisis, and their effects linger to this day." (Institute, What is the Global Financial Crisis of 2008-2009, 2015)

With reference to the statements and your knowledge obtained from the course:

1. you are to carry out a review of the Great Depression as:
2. How did it happen?
3. Why did it happen?
4. What was the impact of it on the individuals, businesses and the government/economy?

1. you are to carry out a review of the Global Financial Crisis as:
2. How did it happen?
3. Why did it happen?
4. What was the impact of it on the individuals, businesses and the government/economy?

1. Using your data collected for the Great Depression and the Global Financial Crisis, submit analysis of the threats of COVID to our institutions/markets and the economy based on:
2. What can happen/is happening?
3. What would be/is the impact of it on the individuals, businesses and the government/economy?

Answer rating: 100% (QA)

Review of the Great Depression How did it happen The Great Depression was a complex economic crisis that unfolded over several years While there is no single cause several key factors contributed to i... View the full answer