Discuss briefly what one or two governments did to intervene and prevent the same serious outcomes as during the Great Depression.

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In late 2007, a number of economic events occurred which led to the most serious world recession since the Great Depression of the early 1930s. Even today, the economic world is still in a slow state of recovery.
Describe what caused this recession to the point of near market failure;
Analyze the effects that it had on the world economy by means of a short overview;
Discuss briefly what one or two governments did to intervene and prevent the same serious outcomes as during the Great Depression.
Length should be 1200-1500 words

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