A prominent aspect of the Great Depression of the 1930s,but not of the recent Great Recession,is ________.

Question

Quizplus · Accepted Answer

Bank panics were a major feature of the Great Depression but not of the recent Great Recession. During the Great Depression, many banks failed, causing people to lose their savings and making it difficult for businesses and consumers to obtain credit. This led to a downward spiral of decreased spending, production, and employment. In contrast, during the Great Recession, the banking system was able to withstand the shock of the subprime mortgage crisis and did not experience widespread failures.

A Prominent Aspect of the Great Depression of the 1930s,but