Stock Market Crash Of 2007-2008 Research Paper

Mark Twain once said, "History doesn't always repeat itself, but sometimes it does rhyme." In other words, Twain is saying that something very similar to the stock market crash of 1929 could occur again, but nothing will be exactly like it. Although many people say that the financial crisis of 2007-2008 was one of the most devastating economic crises in the last 100 years, the stock market crash of 1929 was far worse because the causes, responses, and effects were more serious and prolonged.
The United States experienced a great drop in the economy in 2007 that many people would say was worse than the 1929 stock market crash that led to the Great Depression. The 2007 financial crisis was an enormous set back to the economy and greatly contributed to the nation's debt. Although this may be true, many people call the 2007 financial the Great Recession because it was not nearly as harmful to the economy as the Great Depression.
In the first place, the financial crisis of 2007 was felt, but not in comparison to the devastation of 1930s. The United States, in 1929, went through the stock market crash that led to the worst economic crisis. According to the A&E Television Networks, America and the rest of the industrialized world started into the longest and bottomless economic hardship, the
Future trends that should spark our attention is the rapid growth of the stocks and the unemployment rate. Trends of debt are things the United States government should really focus on. "The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy", said Milton Friedman, an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on history and theory and the complexity of stabilization