Question
This is an exercise in which I do not expect you to come up with the right answer. I just want you to do bit
This is an exercise in which I do not expect you to come up with the "right" answer. I just want you to do bit of research so that you can come up with an educated guess.
On October 9, 2007 the Dow Jones Industrial Average (DJIA) reached an historic high of 14,164. Then the Great Recession began and in six months it dropped by 20%. The decline continued and the DJIA had dropped by 54% by March 6, 2009.
On February 5, 2020 the DJIA hit another high at 29,276. Then the pandemic hit. On March 11, 2020 it lost 20% of its value. However, by the end of July, 2020 it regained half of its losses and stood at a total decline of 10% from its February high.
In about 200-250 wrds, provide your idea as to why the DJIA seems to have recovered so much more quickly during the COVID crisis than it did during the Great Recession. To answer this question you will have to do little outside research and find out what the experts are saying. Please cite two sources and paste in the urls. No Wikipedia.
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