Sometimes I just find that reading something normally just doesn't cut it. It kind of helps to put things in perspective. I found some great info graphics that compare the recession of 2008 to the Great Depression as well as from the 1900s to now and the difference is astounding. They were too big to fit in the post so there are links below.
Depression Vs. Recession
http://igm1.infographicsmania.com/wp-content/uploads/2012/07/Great-Depression-Vs-Great-Recession-infographic.png
Modern American Financial History (1900-2010)
http://cdn2.business2community.com/wp-content/uploads/2012/08/AmericanFinancialHistory-01.png
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ReplyDeleteGreat info-graphics, Michael. With all of the text that we've been reading, I think info-graphics are a nice way to view information differently. Here are two more info-graphics that compare the Great Depression and the Great "Recession" of '08:
ReplyDeleteUnemployment:
http://visualeconsite.s3.amazonaws.com/wp-content/uploads/2009/07/Unemployment1930s.png
Prices, Inflation and Deflation:
http://www.mrboll.com/wp-content/uploads/2012/01/1036_infographic.png
I also found it really interesting that they used stamps as propaganda during the Great Depression. I wouldn't necessarily be advertising this everywhere. http://www.slideshare.net/erintangerine/politics-postage-in-the-great-depression-stamps-as-propaganda
ReplyDeleteYeah, it's a great idea to look at info-graphics and charts to learn more about a subject because being able to visualize the change instead of just reading text really helps understand the subject. To add, here are 2 different charts showing the national debt as a % of GNP (Gross National Product) in the Great Depression as well as the Great Recession.
ReplyDeleteDepression: http://prntscr.com/2a1v35
Recession: http://prntscr.com/2a1v1i
After looking at both graphs, notice that the national debt never really lowers and returns to what it once was (just below 20% before the Great Depression).