Recession

By Thomas Richardson

Basic Impact of Recession

  • high unemployment rates
  • drop in stock market
  • low wages
  • bankruptcy
  • increase in government spending


Cause of recission

Usually the President or the Federal Government is held responsible for recessions. The recession was a result of the captains of the financial system neglecting the warning signs and didn't try to understand what was coming, resulting in the recession crisis.
Big image
Big image
Big image