Friday, September 9, 2011

How was the credit crisis of 2008 was different from the one in 1930?

I need four different ways the crisis was different for my Business Class|||One paragraph could be about how savings deposits were not federally insured back then.


People lost everything.


/|||Ok so one would be the speculation on credit and people buying on credit in the stocks, which is illegal now. the other would be that credit was worse back then than now...... credit caused for massive expansion of the gov't unlike now/depends on ur views. and the last is housing costs had a majority of the current credit failure unlike the stocks and peoples irresponsibility back then.

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