0
$\begingroup$

So I'm taking this finance course and my professor keeps talking about how the 2008 financial crisis was worse than the great depression.

I have my doubts so my fellow economists, do you think the 2008 financial crisis was worse than the great depression?

$\endgroup$
2
  • 1
    $\begingroup$ Why do you have doubts? Is it just an impression, or after looking the available data? You should share them with us, so that your question becomes more focused than it is now $\endgroup$ Commented Apr 17, 2017 at 19:17
  • 1
    $\begingroup$ Please also specify 'worse'. Subjectively I liked the 2008 crisis less than the 1929 one. Then again, I am less than 90 years old. $\endgroup$
    – Giskard
    Commented Apr 17, 2017 at 20:22

1 Answer 1

1
$\begingroup$

2008 was a recession. 1929 was a depression. Simple as that. Unemployment rates did not hit 20% in 2008. People were literally starving in 1929. Big difference.

$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.