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Which one?

The 1929 one resulted in the great depression in the US, lasting until '34 and causing unemployment of around 25% and having negative worldwide effects. Its longer term effects include helping Hitler's rise to power by enhancing his status as a beacon of hope for Germany. the fiscal and monetary responses to crises such as those has been influenced considerably.

The recent debacle (2008- ) is even still to recent to decipher in terms of its long term effects, however the balance of wealth is now shifting even faster to the developing economies such as china, India and Brazil. as for the other effects, we'll find out sooner or later...

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13y ago

What else can I help you with?