According to several top economists, the financial crisis of 2007-2009 (also known as the credit crunch) is the worst of its kind since the Great Depression that spanned from the late 20s to the early 40s in some nations. This was a period devastated by both World Wars and The Great Depression was a consequence of these. Both rich and poor countries were affected by this as personal income, tax revenue, profits and prices dropped, with international trade plunging by half. The United States were severely touched by unemployment which rose to 25
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