Five Lessons From The Great Depression of 1930

The global economy is in a synchronized downturn. The economies of America, Europe and Japan are going to shrink by 2 to 5 percent in 2009. Emerging economies like China and India are going to suffer a sharp slowdown. Growth in China is going to fall from 11 percent to 7 percent while that in India is going to fall from 9 percent to under 6 percent. The current downturn is the biggest downturn in the last 70 years since the Great Depression of 1930.

What is being done by Central Bankers and Governments across the world to prevent a repeat of 1930? What are the lessons learnt? Read a nice article on this here