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Wed 07 Jul 2009Present depression just as big as that of 1929
ANALYSIS:Comparative research shows that what we are living through is not that different from the depression that followed the Wall Street Crash of 1929, writes KEVIN O'ROURKE.
GENERATIONS OF students have learned about the policy mistakes which led to the Great Depression of the 1930s. The scale of the period’s economic collapse has served ever since as a cautionary tale of what can happen when policymakers fail to escape from the ideological straitjackets of their time.
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