Critical analysis of the Great Depression and its relevance to the current Economic Crisis

The Great Depression is considered the most important economic event in world history. During this period, mostly from 1929 to 1945, there was widespread mismanagement of economic tools across economies worldwide. High levels of unemployment, massive collapses, and sharp output contractions were characteristic of this event. This paper aims to understand the main causes of the Great Depression and the links between it and current economic events, such as the Great Recession of 2008 and the pandemic shock of 2019. However, the authors also investigate the main reasons for this event and any possible links to current economic mismanagement in decision-making.