NVDL: Many experts say that the current crisis (aka crash) isn't (and won't be) as bad as 1929 because governments this time have gotten involved. Err...that's not the end of the discussion. Finance is now globalised, and debt has become so dissolute. Probably more significant than anything else is that today there are fewer resources available to the man in the street. Fewer farm owners. In 1929 the unemployed went to live with their uncles and brothers who owned farms. Today, rural areas are far less populated than they were in the past. Hence 2008 is likely to produce the Greater Depression.