This is no Depression.

The article focuses on the global economic history relative to the current financial crisis. It relates the events of Great Depression in 1929-1933 and several economic depressions which have not recurred for the last 65 years in Australia. It explains the features of economic depressions such as high unemployment and recessions. It also notes decisions and events that led to economic status of the U.S., and suggests that good management can prevent the situation from worsening.