<span>Both the Great Depression and the
2008 recession were characterized by a
massive run up in asset prices followed by an incredible deflationary pressure sent
both debt and equity markets into chaos.</span>
The difference is that the Federal Reserve did little to save
the economy during the Great Depression whereas the recession of 2008 was
marked by massive bailouts.
The opium wars was a series of 2 wars between Britain and China. The Opium was a monopoly from Britain because everyone in Britain had no money left to buy opium, so they brought it to China.
