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U.s. History : United States History

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An Analysis of Recent Economic Recessions in United States History

Prepared for: Dr. Ryo Jinnai

Prepared by: Sean McConnell

Date: November 21, 2014

Table of Contents

Introduction………………………………………………………………...3

What is a Recession?.....................................................................................4

Recession or Depression?.............................................................................4

Depression Defiinition……………………………………………….4

The Difference between Recession and Depression………………...5

Causes of the Great Recession…………………………………………….5

The Consumer Age…………………………………………………..5

The Housing Bubble Bursts…………………………………………6

Comparing Recessions…………………………………………………….7

Conclusion………………………………………………………………….9

References....................................................................................................10

Introduction

In this report, the Great Recession and the current economic down turn in the United States will be discussed. This report will cover the definition of both a recession and depression, and how these two differ from one another. The report will then detail two significant factors that were involved in the formation of the Great Recession. Finally, the report will discuss the differences and similarities between the Great Recession and other recessions that have taken place in recent U.S. history.

What is a Recession?

Most economists use the National Bureau of

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