Great Depression II

Since the start of this COVID-19 pandemic situation, 6.6 million Americans have requested unemployment benefits and in March alone, hundreds of thousands of people have lost their jobs. The American unemployment rate has increased to 4.4% from 3.5%, in the time frame of February to March. Which is said to be the largest one month increase since January 1975. It is even starting to be considered "Great Depression II" because of the danger America and our world is being put in as far as within our economy. Similar to with the Great Depression of the 1930s, we are again looking into John Mayard Keynes' theory on economics to try and fix our economic problem in the U.S. The COVID-19 pandemic has caused an economic recession and its hard to say that will change. I think that after this pandemic is over nothing is going to be the same, including our economy. Will we go into another depression? I can't necessarily say for sure, but I do know that there is going to be a lot of people that suffer tremendously. Especially people with business because during this time of quarantine, in which they could be making money to further support their businesses but can't.

 Website: https://www.forbes.com/sites/hershshefrin/2020/04/05/great-depression-economics-101/#69510b6d5c26

 

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