Quoted: University of Wisconsin history professor John Sharpless said that the two crises are different.
“There are some similarities but I think overall, the differences are enormous. Nothing rivals the Great Depression at all,” said Sharpless.
Sharpless marks the differences as double-digit unemployment, families divided because parents couldn’t afford children at home and bank failures in the thousands.
“I think when that generation looks back and obviously, there are fewer of those people in our society, it was a big deal. It was enormous. It produced a generation that didn’t want to ever be in debt,” said Sharp