THE PROTRACTED ECONOMIC CRISIS IN THE GLOBAL ECONOMY AND WHAT LESSONS IT TAUGHT

Abstract

The countries are connected with each other, both economically and politically. Therefore, when making any decisions in the state, politicians should pay attention to how this can affect not only the economy of their country, but also the economy of nearby countries. What economic changes take place in one state are reflected in another, sometimes even a small part of political decisions can entail serious consequences, let alone if there is a crisis of a global size, like the Great Depression in 2008. This crisis has greatly affected the economy of not only a small number of countries; no, almost all countries have felt it. The purpose of this article is to study the root causes of the crisis, its impact on the economies of countries and study the so-called "mystery" of the Great Depression.