Sample Thesis Paper
Historical background of recession goes way back in the last century. The Second World War was a major landmark in the history of recession and it ended up in the creating the global economy into a bubble. Because of the destruction that was caused by the war there was a massive increase in the productivity and employment rate. Many economist around the world thought that the economy would again be in difficulty after the war would get over and the soldiers would return to their home.
However the post war scenario pasted a completely different picture when the consumer demands for products rose because of the massive demand that was flooded by the victims of the war. Unfortunately this bubble economy that was created because of the war couldn’t resist the pressure and soon busted. The pace of the expansion was so massive that the economy couldn’t survive it failed to maintain stability in the process (Farago 2002).