Comparison Between the Great Depression and Today

Essay 2 The Similarities and Differences between the Great effect and Current stintingal Conditions Allison Spencer ENG 141 July 27, 2010 The current economic condition has often been compared to that of the Great Depression of the 30s. Both began with a dramatic crash in the hold market. Each was exasperated by increased unemployment, rock-bottom industrial production and construction. With these changes came a rise in cornerst unrivalled foreclosures and repossessions. Addition whollyy, both erass had environmental issues which affected conditions within the country. With all of the similarities one cant help comparing the two. However, the rightfulness lies in the actual statistics. In President Obamas beginning(a) speech (2008) he speaks about presidents making this transition in good times and bad. He wants Americans to understand that it takes hard turn and unity to overcome the challenges that we face as a country. He also recalls the hardships of the past and explains that it took many years to overcome the economic downfall of those times. This shows that he has looked at past situations for remedies to the current situation. The stock market stock market crashes seem to be one of the first indicators that there was a problem. Coincidentally both crashes started in October.

After a 400% increase, between 1926 and 1929, the market began a decline that would last for years to come. Between October 24, 1929 and October 29, 1929 stock the market dropped 34%. This decline continued until July 1932. At that point it had kaput(p) from a high of 381 points down to 41. This was almost a 90% decline. It would be 22 years before the market would flip over that high point again. Between October 1, 2008 and October 10, 2008 the stock market seemed to recite history. In those ten day the stock market dropped 22.11%. On October 24, 2008 the Dow fell to 8,378.5 points which was the lowest point since April 23, 2003. Only time go away tell how the current situation will... If you want to get a full essay, order it on our website: Orderessay

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