In the context of the ongoing financial and economic crisis reference is frequently made to the Great Depression of the 1930s and fears are voiced that we may have embarked on a similar path. This article looks at the conditions prevailing back then and compares them with the present economic environment. From this some conclusions are drawn as to the likelihood of a recurrence of the disaster.
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Buchheim, C. Economic crises in the thirties and today. Intereconomics 44, 226–230 (2009). https://doi.org/10.1007/s10272-009-0299-6
- Central Bank
- Great Depression
- Current Crisis
- Equilibrium Exchange Rate
- Bretton Wood System