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Since the beginning of the 2009 recession, television, print, and radio media have likened it to the Great Depression that
began in 1929. In particular, commentators have frequently claimed that the 2009 recession was “the worst recession
since the 1930’s.” In this current news event option, you will seek out some historical perspective on such claims. First,
read the following three articles one
each from the United States, Great Britain, and Canada:
Guest column by Price Fishback, “This is Not Another Great Depression,” from the New York Times Freakonomics blog, at
http://freakonomics.blogs.nytimes.com/2009/05/11/thisisnotanothergreatdepression/
Paul Mason, “Eighty Years after Wall Street Crashed, What Did We Learn?” Idle Scrawl, BBC Newsnight, at
http://www.bbc.co.uk/blogs/newsnight/paulmason/2009/10/eighty_years_after_wall_street.html
“NotSoGreatRecession,”
The National Post, at http://fullcomment.nationalpost.com/2010/04/15/notsogreatrecession/
Based on these articles and the reading you have done in the textbook, answer the following questions:
a) In what ways do these authors argue for similarities between 2009 and 1929?
b) In what ways do they argue that they were different?
c) What do you believe, and why?
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Posted on May 30, 2016Author TutorCategories Question, Questions