15 last year, a development which threw the world economy into the biggest crisis since the Great Depression of 1929
in the United States.
A common feature of all financial crises that the world has faced over the last 371 years, from the Tulip market slump in 1637 to the Great Depression of 1929
to current crisis, is the collapse of some of the strongest companies that enjoyed meteoric rise in the good times,' said MTI Consulting chief executive officer Hilmy Cader.
Speaking at a major conference held at the Baitul Futuh Mosque in Morden (south London) this weekend attended by over 900 including Parliamentarians, faith representatives, civic leaders and professionals, Hadhrat Mirza Masroor Ahmad drew parallels between the Great Depression of 1929
leading to the Second World War, and the present-day recession where bank bailouts and bonuses have been exacerbated by wealth being channelled into the hands of the few.
As we are all aware, newspapers love attention-grabbing headlines that compare the current situation to the Great Depression of 1929
Ghosn, president of the European car makers association, added: "We even talk about the Great Depression of 1929
Mr Ghosn, president of the European car makers association, said: "We even talk about the Great Depression of 1929
The United States are trying to convince China and the Gulf States to pump some of the money they have saved up into the global financial system, which is struggling to come out of its worst crisis since the Great Depression of 1929
Indeed, some leftist commentators seized on the market's collapse as evidence that capitalism was experiencing a "systemic crisis" akin to the Great Depression of 1929