How to Avoid Another Great Depression refers to the collective measures and strategies aimed at preventing a recurrence of the severe economic downturn experienced during the Great Depression of the 1930s.
The Great Depression was a devastating global economic crisis that began in the United States in the 1930s. It was the twentieth century’s longest, deepest, and most widespread decline. During the Great Depression, global gross domestic product (GDP) decreased by an estimated 15%, while global trade fell by more than half. Unemployment in the United States reached 25%, and in some countries, it reached 33%.