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Assignment 1icroeconomics – Week #4 AssignmentCauses of the Great DepressionAfter reading Chapter 7 and Special Topic 6, write a 2-page paper answering the following question:Contrary to a popular v
Assignment 1
icroeconomics – Week #4 Assignment
Causes of the Great Depression
After reading Chapter 7 and Special Topic 6, write a 2-page paper answering the following question:
Contrary to a popular view, the Great Depression was not caused by the 1929 stock market crash. We have had similar reductions in stock prices to those in 1929 before and after the Great Depression. What historical events took place that directly led to the prolonged depressed conditions like those of the 1930s?
Cite your sources as needed. Use APA formatting.
Assignment 2
Housing Collapse Paper
After reading Special Topic 5, write a 2-page paper answering the following:
Why did housing prices rise rapidly during 2002 - 2005?
Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008 - 2009 recession began?
What did the Community Reinvestment Act have to do with the housing bubble and collapse?
Cite your sources as needed. Use APA formatting.
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