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FROM ROOSEVELT'S NEW DEAL TO THE G-20. CRISIS MANAGEMENT AFTER 1929 AND IN 2009 (PART I) (Roosevelt New Dealjetol a G/20-ig. Valsagok kezelese: 1929 utan es 2009-ben (I. resz))

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Szanto M.

Tarsadalomkutatas (Social Science Research)

2009

vol. 27

issue 4

455-478

At the onset of the present economic world crisis, experts recognized that its magnitude and dangers exceed those of the cyclical recessions. It was natural to compare it to the Great Depression of eighty years ago. That crisis was the largest peacetime economic catastrophe that had fallen on humanity. When searching for effective methods of crisis management the example of F. D. Roosevelt's New Deal leaps to the eye; that is how the idea of an up-to-date version of the New Deal emerged. Even the negative aspects are illuminating: the American isolationist policy of the day proved to be one of the main reasons of the long-lasting crisis. Around the end of WW2 the Bretton Woods Agreements were signed in 1944. The International Monetary Fund (IMF) and the International Bank of Reconstruction and Development (IBRD) were also established at the time. Current proposals also suggest creating a similar agreement adjusted to the present conditions. The author's intention is to analyze the similarities and differences between the crisis after 1929 and the present one using historical-sociological methods in order to obtain a better understanding. The analysis is to be continued in the next issue of the periodical.

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1 Tarsadalomkutatas (Social Science Research)

1 Szanto M.

1 2009

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FROM ROOSEVELT'S NEW DEAL TO THE G-20. CRISIS MANAGEMENT AFTER 1929 AND IN 2009 (PART I) (Roosevelt New Dealjetol a G/20-ig. Valsagok kezelese: 1929 utan es 2009-ben (I. resz))