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Essay / Research Paper Abstract
This 7-page paper debates whether the government should become involved in the current economic recession. Comparisons to the 1930s Great Depression are draw. Bibliography lists 5 sources.
Page Count:
7 pages (~225 words per page)
File: D0_MTgovtecon.rtf
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Unformatted sample text from the term paper:
yet another business or industry coming to the government, hat in hand, for some kind of handout. Unlike the government during the start of the Great Depression, the government during
the 2009 Great Recession is being more liberal with its policies, and is even stepping in to private corporate America. The fact that President Barack Obamas administration forced the resignation
of General Motor Corp.s Rick Waggoner shocked most and had the most pessimistic calling this a socialist move. Because of the current
economic crisis, the battle is waging between those who believe government intervention in solving the crisis should be limited and those who are convinced that the only way out is
through government intervention. In this paper well take a look at how government intervention helped during the Great Depression, and determine if that same amount of intervention is necessary to
help us through the current crisis. What Really Happened in the 1930s Most people are of the belief that the stock
market crash of 1929 started the Great Depression. Most people also believe that it was Franklin Roosevelts New Deal policies, combined with the start of World War II that got
the U.S. (and the rest of the world) out of it. None of this is exactly true, but if you try to pinpoint the exact cause of the Great Depression,
you get a myriad of different responses. Most economists agree that the U.S. was already in a recession at the time the stock market crashed. And, most economists observe that
economies are cyclical; they expand and contract. But beyond that, there are different theories as to why the Great Depression was so "great."
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