The Great Depression and COVID-19

The impact of COVID-19 is similar to that of the Great Depression

Overview

The Great Depression

The Great Depression occurred in the late 1920’s and through the mid 1930's.
News Breaks About the Stock Market Crash
Hoovervilles arise due to increase in homeless citizens
The New Deal was implemented in order to reignite economic/social prosperity
COVID-19 Pandemic

COVID-19 Pandemic

DOW Jones erases all gains during the Trump Administration
COVID-19 Stimulus Bill Effects

Short Term Fix?

Reopening?

All 50 states are under various different plans to reopen.

Million Dollar Question: Are we as a nation ready to return to normalcy rather quickly to prevent further displacement or do we go slowly in an effort to prevent a second wave which could cause double the displacement?

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