It appears to be broadly agreed that one of the things that deepened and lengthened The Great Depression was protectionism, in particular by the USA, although I am sure many other countries were just as guilty.
It's good to see that they've learned that lesson ... oh, sorry, I meant forgotten.
Friday, 30 January 2009
Learning the lessons of The Great Depression
My latest blogpost: Learning the lessons of The Great DepressionTweet this! Posted by Mark Wadsworth at 13:26
Labels: Economics, Free trade, Great Depression, Obama, Protectionism, Recession
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1 comments:
I've done my best here to explain the causes of the current recession... I'll be expanding on how to avoid repeating the Depression soon, too.
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