Is 2009 the New 1929? Current Crisis Shows Uncanny Parallels to Great Depression

Is history repeating itself? The current global downturn has many parallels to the Great Depression. And if the current massive bailout packages fail, the effect on the world's economies could be similarly drastic.
Von SPIEGEL Staff
Will the current crisis be as bad as the Great Depression?

Will the current crisis be as bad as the Great Depression?

Foto: DPA
Translated from the German by Christopher Sultan