The 2008 global financial crisis was one of the worst crisis after the great depression. Singapore's economy was also hit with a contraction of -6% to -9% in 2009. Resident unemployment rate was at 4.3% in 2009. Economic policies have changed over the years from the pre great depression era to the post 2008 global financial crisis era. In my current year 3 economics module in university, I'll be learning all the different economics school of thoughts from pre 1900s to post 2008. This is rather interesting to me as I can learn what caused the various crisis some to be more severe than the others and what was done to bring the economy out of the recession. The great depression was so great that it was said to be one of the causes of world war 1 and 2. It was debated that had the governments back then ......