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Second Great Depression

Second Great Depression

Tina Stringham

History 2020

Linda Wilke-Heil

November 10, 2008

There seems to be a lot of speculation lately on whether we are in a second Great Depression. It is good that people are thinking about this, because back in 1929, there was no talk and people were taken by surprise when it did happen. On the other hand, People are jumping to conclusions without taking in all the facts. We are not in a second Great depression because many steps have been taken by the people and the government to prevent it. The Stock market, the banks and the oil industry are the three main reasons why we are not in a second Great Depression. Elizabeth MacDonald’s article “We Are Not Headed for a Great Depression”, Robert J. Smauelson’s article “Is this a second Great Depression?” and Kimberly Amadeo’s article “Is the U.S. Headed Towards the Second Great Depression?” provides plenty of evidence to show we are not in a second Great......


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Approximate Word Count: 832
Approximate Pages: 4 (250 words per double-spaced page)

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