The Great Depression, the New Deal, and the Current Crisis

Challenge, Vol. 52, July-August 2009

9 Pages Posted: 4 Apr 2009 Last revised: 27 Oct 2009

See all articles by Alexander J. Field

Alexander J. Field

Santa Clara University - Leavey School of Business - Economics Department

Date Written: April 2, 2009

Abstract

We are now in the midst of what will likely be the most serious economic and financial crisis since the Great Depression. This essay considers how we got into this mess, what responsibility government bears in allowing this to happen, and what the history of the Great Depression tells us about how we should go forward.

Keywords: Financial Crisis, Economic Crisis, Great Depression, New Deal

JEL Classification: E3, E5, N12

Suggested Citation

Field, Alexander J., The Great Depression, the New Deal, and the Current Crisis (April 2, 2009). Challenge, Vol. 52, July-August 2009, Available at SSRN: https://ssrn.com/abstract=1372439

Alexander J. Field (Contact Author)

Santa Clara University - Leavey School of Business - Economics Department ( email )

500 El Camino Real
Santa Clara, CA California 95053
United States
408 554 4348 (Phone)
408 554 2331 (Fax)

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