Part one of term paper
“Once upon a time there was a densely populated island nation, which, despite its lack of natural resources, had managed through hard work and ingenuity to build itself into one of the world’s major industrial powers. But there came a time when the magic stopped working. A brief, overheated boom was followed by a slump that lingered for ...

Part two of term paper
... point to Great Britain’s economic lengthy recession of the 1920s as beginning (if not triggering) the worldwide Great Depression of the 1930s. In our present day, the continued economic slide of Japan, the world’s second largest economy, is the single biggest threat posed to the global economy. Another similarity exists between modern day Japan and Great Britain of the 1920s. In both cases, monetary policy has been blamed for contributing to sinking of these economic Titanics. With this in m ...