Same and different
The Great Depression in Britain versus the current slump Great Depression (1929-31) Current (since 2008) Length of contraction 6 quarters (1930Q2-1931Q3) 6 quarters (2008Q2-2009Q3) Time to surpass previous peak output 4 years (1930Q1-1934Q1) 4 years plus (since 2008Q1) Monetary policy Gold standard (to September 1931 trough), then…