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
Date Written: April 2, 2009
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: Suggested Citation