Crash: The Next Depression?
Wednesday September 9 & Sunday September 13, 2009 at 8 pm ET on CBC Newsworld
Will our current economic meltdown trigger another depression?
The world is in the midst of an economic crisis with no end in sight. Stock markets around the world have dropped a third since 2007. Hundreds of thousands have lost their jobs. In the U.S., home foreclosures doubled between 2007 and 2008. Venerable financial institutions have shut their doors. And the American auto industry found itself on the verge of bankruptcy. We have been here before. The crash of 1929 gave rise to a decade of hardship and despair. Is history repeating itself? Will today's crash turn into tomorrow's depression?
Crash: The Next Depression? looks at the current economic meltdown in the United States and compares and contrasts it with the lead up to the Great Depression, the 1929 Crash, its immediate aftermath and what brought us out of the depression. Threading first person accounts with expert interviews, Crash: The Next Depression? helps viewers understand how much history is repeating itself and what it tells us about our future.