Bubble Bubble Toil and Trouble
Friday, November 28, 2008
Unemployment during the Great Depression was 25 percent. So, just how does the current economic crisis stack up against history's other bubble-bursting periods? Niall Ferguson, Laurence A. Tisch Professor of History at Harvard University and the author of The Ascent of Money: A Financial History of the World, places the current financial crisis in historical context.