[Online Document Assignment:]
EIA Activity: Fending Off Depression
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions.
True or False: When Ben Bernanke was a member of the Federal Reserve board of Governors in 2002, he admitted the Federal Reserve made mistakes that contributed to the Great Depression.
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| B. |
True or False: During the Great Depression, unemployment soared, marriage rates fell, and industrial production plummeted.
| A. |
| B. |
True or False: The Great Recession is considered to be one of the longest and deepest economic downturns in the history of the United States.
| A. |
| B. |
True or False: The Federal Reserve raised interest rates in 1928, and again in 1929 in an effort to limit speculation in securities markets.
| A. |
| B. |
True or False: Other economies around the globe were not impacted when the Federal Reserve raised interest rates in 1928 and 1929.
| A. |
| B. |
True or False: During the Great Depression, the Federal Reserve’s Board of Governors disagreed about how to respond to the banking crisis.
| A. |
| B. |
Why is President Obama often compared to President Franklin Delano Roosevelt in terms of economic policies used? Discuss.
Discuss the many parallels between the Great Depression and the Great Recession.
What is the difference between a Recession and a Depression? Does the media ever confuse the two concepts? Discuss.
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