The common feature of the Great Depression and the Global Economic Crisis is

Question

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Both the Great Depression and the Global Economic Crisis were preceded by an asset price bubble. In the 1920s, there was a stock market bubble, and in the 2000s, there was a housing bubble. This led to an unsustainable increase in asset prices, which eventually burst and triggered the respective economic crises. While government and the FED played active roles, it was the asset price bubble that set the stage for both crises.

The Common Feature of the Great Depression and the Global