Thursday, February 26, 2009

Part Two/Timeline of major financial crisis

One faces the future with one's past. - Pearl S. Buck

History is a guide to navigation in perilous times. History is who we are and why we are the way we are. David C. Mccullough

Here we have a brief trip back to over 200 years in capitalism. More than often, we see failure on a grand scale. However, almost without exception, each failure has paved the way for progress.

Only thru a wider historical context can we grasp the full implications of this lastest crisis exploded in 2008 in a great scale.

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