Friday, April 19, 2013

essay - 4 what i already know

Could the 2008 recession have been avoided?

What I know

  • Recession caused by many economic factors
  • one attempted solution to fix recession after it had already happened was the Recovery act or stimulus under president Obama
  • resulted in many banks closing or going under
  • many people lost a large portion of their savings
  • many companies went out of business or had to be bailed out by the government 

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