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Chapter 1: 1DQ (page 22)

How did the recession of 2007鈥�2009 compare with other recessions since the Great Depression in terms of length?

Short Answer

Expert verified

The recession of 2007-2009 was the lengthiest recession after the great recession.

Step by step solution

01

The length of the Great depression

The great depression was the longest period of recession in the US. This recession lasted for a period of 3 years 7 months. It started in the year 1929 and ended in the year 1933.

02

The recession of 2007-2009

The 2007-2009 recession was 1 year 6 months long. It started in 2007 and ended in 2009. This was the longest period of recession to have occurred in the US after the great recession.

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