The most famous depression in modern times, of course, was the one that began in a typical financial panic in 1929 and lasted until the advent of World War II. After the disaster of 1929, economists and politicians resolved that this must never happen again. ... Here in this comparison, I will try to draw parallel between causes and responses to the "depression " in 1929-39 and today's "crunch ". ... Stock prices had risen more than fourfold from the low in 1921 to the peak reached in 1929. ... Actually a lot of articles are arguing that today crisis almost similar to the crisis which too...

• Word Count: 1664
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

However, the Roaring Twenties marked the end of economic and social improvement for a long time, since the Wall Street Stock Market Crash of 1929 and the Great Depression would hit in the next decade. ... By 1929, the United States had produced over 90% of the 32 million automobiles in the world. ... The economy suddenly plummeted in 1929 and started the Great Depression. ...

• Word Count: 791
• Approx Pages: 3
• Grade Level: Undergraduate