why a repeat of the great depression is unlikely
government policymakers appear to have learned their lesson from the great depression new laws and regulations were introduced to protect consumers and investors central banks developed tools designed to keep the economy steady nowadays central banks are quick to react to inflation before it gets out of control they are equally willing to use expansionary monetary policy to lift the economy during difficult times these tools are widely credited for helping to stop the great recession of 2008 2009 from becoming a full blown depression a series of factors can cause an economy and production to contract severely in the case of the great depression questionable monetary policy took the blame 