Great Depression Compared To Recession Now

 1.  How did great depression start?

The great depression started in the year 1929. It caused many people to lose their jobs and banks became bankrupt. Also no one would consume any production from companies.

2.    2. How did the recent recession start?

gf   The current recession started with oil sky rocketing due to wars, also the high unemployment rate in british columbia of how minimum wage is only $8.50. Production rates went up such as food, house, transportation and many other things

d

C    3. How did the government take part following the event?  Were/are there successful attempts?

D

The government took huge roles to aid the process of recovery of both depression and recession. During the pression the goverment.

 -    - Heavily taxed imports

-0   - Social services increase

 df   - Food Vouchers

      During the recession of 2007 the government took the roles of:

  -    - Bailout's for large corporates

        - Bankruptcy prevention programs

        - Employment increases

        - Stabilizing real estate market

4     4. What factors are present now that were not present during the great depression? (banking, online resources, etc)

w       Televisions, medical care, government support, Internet services, Cell phones, Better transportation and many more.

5.       How did these two affect United States’ GDP?

     When the stock market crash on October 24 , 1929, when 12.9 million shares of stocks were sold in one day. Share prices fell 15-20%. So therefore majority of the people hang on to there money instead of spending it.

Reflection:  in your own words tell me which one has made more of an impact on the world.

    The Great depression showed alot more impact to the world compared to now. The reason for that was because it lasted for 10 years. While if its compare to now things would be easily fixed.The great depression caused a 25% increase to unemployment rate, and wages for people were lowered by 35-40% which is alot. The government did not do anything about it because they didn't know what to do compared to now eventhough if a recession occured everyone will still earn what they are making now.

Chapter 6 First round Canucks playoff tickets sold out

Summary

      From the past years till now canucks playoff tickets has been a top seller. It did not take long at all for the first round playoff tickets to be sold out. "This is the hottest ticket since the gold medal game for the Olympics," says Kingsley Bailey with Vancouver Ticket Service. The reason for that is because this year the Vancouver canucks setted many records, such as breaking there old season record of 105 points and winning the president trophy. Which is the best within the hockey league. The people that purchased the tickets are reselling it at a cost of $250 a ticket which they are profiting about $100-$150. The reason for that is because people do not care about the final price of the ticket. They also predicted that stanley cup final games would range about $1,500-$2,000 a game.

Connection

     I think the ticket buyers are really smart because they know that people would all go crazy over the playoff tickets if they can't manage to purchase one of them. Therefore it would lead to a higher demand for many people which are serious for purchasing those playoff tickets. As you can see the company is already profiting alot off playoff tickets. Which is a good success for the buisness already so they do not really care about the re-sellers. Because if the Canucks manage to last long in the playoffs they would make millions of dollars just by selling tickets.

Reflection

    This didn't surprise me at all because as you can see people are crazy over watching canucks game. Fans around vancouver fly around everywhere in the states just to see a game of the vancouver canucks. So people are actually willing to pay thousands of dollars just for a regular season game. I honestly think that if re-sellers are planning to sell it at a even higher price such as $300 dollars a ticket to desperate people they would still purchase it. If i had the money to invest in the opening round of the playoff tickets i'll probaly buy a mass amount of tickets. Because i'm sure in the end most of the tickets i purchased would be sold for profit.