Question: Describe two similarities and two differences between the United States' experiences during the Great Depression and the Great Recession financial crisis of 2007-2009. What role

  1. Describe two similarities and two differences between the United States' experiences during the Great Depression and the Great Recession financial crisis of 2007-2009.
  2. What role did the shadow banking system play in the 2007-2009 financial crisis?
  3. In light of the recent financial crisis of 2007-2009, do you think that the firewall created by the Glass-Steagall Act of 1933 between commercial banking and the securities industry proved to be a good thing or not?

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