Description
If we compare the two deepest recessions in history—the Great Depression and the recession of 2009—they both had a huge impact on the economy, but both of them were handled very differently by governments. The policies governing trade after the 2009 recession were more forward-looking with a clearer view of how trade works and what needed to be done to restart the economy.
How do you think the United States, Europe, and emerging markets such as China, India, and Russia handled the recent recession? What were some of the policies enacted to help the global trade and global economy?
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Running Head: THE 2009 RECESSION
THE 2009 RECESSION
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THE 2009 RECESSION
The 2009 Recession
The 2009 recession took the world by surprise because no one knew when the global
financial crisis had burst into full bloom. It showed signs of bringing to a halt major world
economy, however, twelve months later the second greatest recession came to an end. Several
policies were put in place by different cou...