Question

1)What were the major similarities between the economic events of 1929 and 2008?

Answer 1

The 1929 stock market crash was the beginning of the worst economic contraction in recent history, and the 2008 crisis was similar in magnitude. The Economist tells us, “The shock that hit the world economy in 2008 was on a par with that which launched the Depression,and too much of debt in asset markets