Why Do German and U.S. Reactions to the Financial Crisis Differ ?

Silvia, Stephen J.
December 2011
German Politics & Society;12/25/2011, Vol. 29 Issue 4, p68
Academic Journal
The article explores the 2008-2009 global financial crisis and the divergence in economic policy between the U.S. and Germany since then. Particular focus is given to how the historical understanding of the Great Depression shaped economic policy in each country following the 2008 financial crisis. An overview of the responses by Germany and the U.S. to the economic crisis, including the German government's subsidizing of short-time work and the American government's providing of economic stimulus for infrastructure programs, tax cuts and economic assistance, is provided.


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