Describe the similarities between the Great Depression and America’s housing and economic crisis that began in 2008.

Both the 2001 recession and the Great Depression were business investment recessions that followed periods of excessive investment. ... However, this downturn in industrial activity was modest compared to that experienced during the Great Depression, when industrial production fell by more than half.

Explanation:

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jayilych4real jayilych4real · Answer 2 · 2021-11-05T20:25:08+01:00

The similarity between the Great Depression and America’s housing and economic crisis that began in 2008 is:

They were business investments

According to the events which occurred during the Great Depression, there was a reduction of over half in the industrial production as there was a great financial loss based on the money invested in the industry.

As a result of this, we can see that although the housing and economic crisis and the Great Depression were similar because they were business investments, the effects of the Great Depression was greater.