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How to answer the question? I really need this in about three hours. I don't know how to answer this?
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Explanation & Answer
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DISCUSSION RESPONSE
I agree with the comparison made in John Blathras’ post between the depression and
recession of 2009. John states in the post that both the great depression and the great recession
pushed government involvement in the economy which is a fact that actually occurred. The
above assertion by John is evidenced in the statement where he mentions that the government
increased their regulation of banks and goes further to mention that even politicians pointed
accusing fingers at the banks for causing the recession. I agree in this cause since the
decisions made by the banks such as offering home ownership to purchasers who were not
creditworthy were a call for destruction. I however do not completely agree with the section
in the post where John Blathras alleges that the government often comes up with solutions for
problems that they have self-created. The allegation was made in reference to President
Roosevelt’s move to strike a new deal and get America back on the economic track. I do not
find satisfactory evidence for this assertion in the post and as such I am not fully convinced by
the statement.
The post also makes important distinctions between the depression of 1920 and recession of
2009 stating that during the great depression, the communication was poor and the United
States government was unable to liaise w...