The great depression was the worst economic downtown in history till today. It was said to be caused by the October 29 stock market crash but in actual fact, a failure in the government system played a part to it. The US central bank caused the money supply to contract by 25%, the US government increased taxes by more than 50% and resulted in world trade to collapse.

The impact of COVID-19 is now being linked to the 1929 great depression. But, will we really see a repeat of it? I would not think so unless some major economy in the world messed up their economic policy which is similar to the 1929 great depression. How about the Spanish Flu in 1918 which is known as one of the worst pandemic in human history, how is it similar to the COVID-19?

The 1918 Spanish flu lasted till 1920. During that time, lock...