causes of the Great Recession Federal Reserve Ben Bernanke late-2000s recession pl interest rates Great Recession money supply
The causes of the Great Recession seem similar to the Great Depression, but significant differences exist. The then-chairman of the Federal Reserve, Ben Bernanke, had extensively studied the Great Depression as part of his doctoral work at MIT, and implemented policies to manipulate the money supply and interest rates in ways that were not done in the 1930s. Bernanke's policies will undoubtedly be analyzed and scrutinized in the years to come, as economists debate the wisdom of his choices. In 2011, one journalist contrasted the Great Depression of the 1930s as opposed to the late-2000s recession.
