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First of all, I would like to explain what global recession means and what were the same recessions in our history? Global recession is the sharp deterioration of economic health of the countries, namely: a plummet of manufacturing, bankruptcy of enterprises, a big rise of of unemployment and finally - the decrease in the standard of living, well-being of the population (Economic dictionary). According to standard economic theory, economic system has the cyclic form and to avoid crisis it is impossible. World financial crisis and then an economic crisis will result of decrease in world gross national product, falling of a standard of living in the majority of the countries including in developed and also global chaos and depression.
The world history has had the three biggest collapses. The first world recession was in 1900 – 1903. It was a small collapse when manufacturing fall down by 2.3%, Russia had the biggest damage, because economic crisis has coincided with a poor......

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