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The two Great financial crises of the past century are the Great Depression of the 1930s and the Great Recession, which began in 2008.
While their response prevented a financial collapse and catastrophic Depression like that.
When markets went into cardiac arrest in 2008, policymakers invoked the lessons of the Great Depression in attempting to avert the worst.
Both occurred against the backdrop of sharp credit booms, dubious banking practices, and a fragile and unstable global financial system.
The two Great financial crises of the past century are the Great Depression of the 1930s and the Great Recession, which began in 2008
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