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What is similar to the Great Depression to the things that lead up to the current economic crisis?

The New Deal was spurred by the Great Depression. There have been a number of economic downturns since the Great Depression–there seemed to be one about every ten years post-WWII. Yet none could come close to the one in the 1930’s.

The recession that began in 2008 has been labeled by President Obama to be the “greatest economic downturn since the Great Depression.”

What is similar to the Great Depression to the things that lead up to the current economic crisis? Were any lessons learned from the Great Depression as to how best to confront this issue?

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