The current financial crisis is ferocious, but history shows the way to avoid another Great Depression Economic history is back ... Nonetheless, the losses are not as high in percent of GDP as those ...

Known as the Great Depression, this economic crisis was noteworthy in terms of both its length and its severity. There had never been anything like it before, and hopefully, there never will be again.

In particular, a recession is usually associated with a decline of 2 percent in GDP (see chart). In the case of severe recessions ... One question sometimes asked is how the ongoing recession compares ...

The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

And there’s a 12% chance that it lowers per capita GDP by 50% or more by then unless emissions decline. By comparison, estimates suggest the Great Depression dropped global GDP by about 15% ...

25-year Great Depression. The chart below is one of many they're releasing to the public that reveals a U.S. economy that has reached or exceeded dangerous levels not seen since 1929. Well ...