Recession essay topics

Intro: Studying Economics in the backdrop of the Great Recession emphasised the power that Economics leverages upon global society. My lack of understanding of the Economic mechanisms behind the recession led me to read Krugman's "End This Depression Now", and attend the Cambridge University Marshall Society Conference, “The Power of Policy”.

Such imbalance leads to economic recession, and even to war. The Great Recession can be compared to the Great Depression in both scale and consequence. It started in the US, and within several months, had affected nearly all countries around the world.

The real The economic recession of the late 2000s has been called the greatest economic downturn our country has faced since the Great Depression. American businesses and banks are failing, foreclosures are spreading like wildfire, and unemployment numbers have reached double digits.

Economic recession is an inevitable part of humankind, as the economy is connected with human psychology. It’s human nature to strive for people’s well-being, to fight for social equity or religious beliefs, and much more. These actions lead to distress in the allocation of resources, manufacturing, and economics as a whole.