Date Added: Apr 2009
In terms of its effects so far the global economic crisis is stronger and deeper than the economic disturbances at the time of the Great Depression. Additionally, it takes place under the conditions of a much higher level of connection and complexity of interrelations compared to the events in the period from 1929 to 1933. It started as a segmented phenomenon in two aspects: in one country - the USA and in one sector - financial industry. However, in less than a year it became global in terms of territorial coverage and universal in terms of its effects, which means that it entered the area of real economy.