Question

How has the federal behaved differently during the current recession compared to the Great Depression (make it short)

Answer 1

During the current recession, the federal government has focused on rapid monetary and fiscal stimulus through mechanisms like direct payments to citizens, enhanced unemployment benefits, and low-interest rates to support the economy. This approach contrasts sharply with the Great Depression, when the federal response was slower and more constrained, often prioritizing balanced budgets and limited intervention. The current strategy emphasizes immediate relief and economic stabilization, whereas the Great Depression saw more gradual reforms and delayed action on large-scale relief measures.