Free

Comparing Major Economic Downturns - Book Report/Review Example

Summary

The review "Comparing Major Economic Downturns" focuses on the critical analysis and comparison between major economic downturns, i.e., The Great Depression in the 1930s and the Malaise of the 1970s. Both served to indicate how far the economy of countries could decline…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER93.6% of users find it useful

Read Text Preview

Subject: History
Type: Book Report/Review
Level: College
Pages: 1 (250 words)
Downloads: 2
Author: theresewillms

Extract of sample "Comparing Major Economic Downturns"

It results in the inability of employers and governments to pay their employees, causing an increase in unemployment (Bernanke, 10).

However, there are some contrasts between the Great Depression in the 1930s and the Malaise of the 1970s. The great depression refers to the economic slump and the decline that was experienced during this period, while the Malaise of the 1970s refers to a period of economic stagnation, where not many economic activities were being undertaken (Bernanke, 17). Another contrast is the fact that the great depression was characterized by a fall in the stock prices as well as other prices of goods and services, while the Malaise of the 1970s, was characterized by increased inflation, higher prices for commodities, and a demand for higher wages, as well as the stagnation in business activities (Bernanke, 23). Another contrast is the fact that the great depression lasted longer and had a greater impact on the economies of countries, more than the Malaise of the 1970s.

Cite this document

APA
MLA
CHICAGO

(“Compare and contrast the economic downturns of the Great Depression in Book Report/Review”, n.d.)
Retrieved from https://studentshare.org/history/1596161-compare-and-contrast-the-economic-downturns-of-the-great-depression-in-the-1930s-and-the-malaise-of-the-1970s-from-an-historical-perspective-what-was-the-historical-significance-of-each-of-these-for-the-american-people

(Compare and Contrast the Economic Downturns of the Great Depression in Book Report/Review)
https://studentshare.org/history/1596161-compare-and-contrast-the-economic-downturns-of-the-great-depression-in-the-1930s-and-the-malaise-of-the-1970s-from-an-historical-perspective-what-was-the-historical-significance-of-each-of-these-for-the-american-people.

“Compare and Contrast the Economic Downturns of the Great Depression in Book Report/Review”, n.d. https://studentshare.org/history/1596161-compare-and-contrast-the-economic-downturns-of-the-great-depression-in-the-1930s-and-the-malaise-of-the-1970s-from-an-historical-perspective-what-was-the-historical-significance-of-each-of-these-for-the-american-people.

Cited: 0 times

CHECK THESE SAMPLES OF Comparing Major Economic Downturns

External Macro Environment in Organization

Unemployment, whether structural or cyclical, is most felt during economic recession and conversely felt when there are expansions (p.... Global Conditions The Internal Monetary Fund (IMF) pointed that recession caused sluggish recovery which morphed countries in an economic quagmire in the 90s to the mid-2000s although hope for growth is placed at European countries.... Analysts professed that there is world economic expansion in an annual rate of 51/4% in early part of 2010 however, increasing unemployment remained challenging....

8 Pages (2000 words) Essay

Analyzing a Pricing Strategy

This essay "Analyzing a Pricing Strategy" analyzes one of the most important spheres in company marketing which decides its sustenance and profitability in the market - pricing strategy.... The company chosen for the pricing strategy analysis is “Givenchy” which is a world renowned firm.... ... ...

5 Pages (1250 words) Essay

To what extent does the British experience differ when compared against the major competitors

Over the last three major recessions, British economy suffered from sensitive losses in output, which extended over several quarters to cause negative growths before its recovery.... The job loss in the recessions caused massive unemployment, which could have been estimated to be restored in a period of approximately five years....

6 Pages (1500 words) Essay

Survival and Positive Growth during an Economic Downturn

The purpose of this paper 'Survival and Positive Growth during an economic Downturn' is to understand the implications of a business's survival during an economic downturn.... The author believes that ascertaining the type of recession is also an important factor for business as the degree of economic deterioration will determine the mechanisms for survival that have to be implemented.... Therefore, in this paper, he will first look at the type of economic recessions that are determinable....

8 Pages (2000 words) Assignment

Proper Role of the Government in the Economy

Government deficits and government spending increase automatically when there are economic downturns that arise due to falling tax revenues and more demands on the social-safety-net provisions.... he economic downturns, though painful, avail the chance of rooting out the inefficient and waste spending in both the private and public sectors.... The reason is that the opportunity of formulating basic reforms is lower in the period of downturns....

8 Pages (2000 words) Research Paper

The Success of Apples iTunes Download Service and the iPod Developing

The evolution of the Internet model has produced significant downturns in CD sales and the global recorded music market is in steep decline and the empirical data demonstrates a continued trend in falling physical CD sales in significant major markets.... This paper evaluates the effect of the internet on the supply chain of the music industry and further suggests that whilst the need protect the economic value, a compromise needs to be reached to preserve public freedom and exploit the changing trends in music purchasing in the digital era....

17 Pages (4250 words) Literature review

Proper Role of the Government in the Economy

The writer of the paper 'Proper Role of the Government in the Economy' states that a governing body that is credible plays a role in the nation's economic growth and avails the best opportunity of accomplishing its growth and national investment objectives through the citizens' entrepreneurial spirit.... he policymakers are required to focus on the restoration of the institutional role of governing for the purpose of restoring economic stability....

8 Pages (2000 words) Report

Effects of Economic Crises on Art Companies

This literature review "Effects of economic Crises on Art Companies" focuses on the government policies that could help art companies in combating the effects of such crises.... The economic significance of art companies calls for action in response to the adverse effects of economic recession.... The 21st century is characterized by unprecedented economic crises that rock the business sector as well as government and nonprofits organizations affecting their day-to-day operations in an extensive way....

10 Pages (2500 words) Literature review