How have Federal Reserve policies implemented during the Great Recession differed from those implemented during the Great Depression?

The differences between the Federal Reserve policies implemented during the Great Recession and the Great Depression are:

First, in 1932 the Federal Reserve never mentioned the duration of their policies.

Second, in 1932 the Federal Reserve concentrated in medium-term notes, instead of bonds in 2008.

Third, the segmentation of the Federal Reserve in 1932 was wider than in 2008, which was one sector.

Fourth, the federal reserve never bought mortgage-backed securities in 1932.

Explanation:

The two different strategies focused on two different problems. That is why the strategies were very different. In the first place because depression was a contraction that lasted more than the 18 maximum months a recession lasts, as well as sustained unemployment of 25% and a reduction of costs of 25% due to the lack of demand. Therefore in 1932, the Federal Reserve had to support all the sectors of the economy instead of just one. As well as the buy of mortgage-backed securities, because at that time the notes could be easily traded with investors, unlike the mortgage-backed securities bonds that were too complex to be exchanged to individual investors.