A thought just came to me:
The Great Depression in the USA was ended by spending on The War After The War To End All Wars, and then on money flowing from overseas as our industrial might built infrastructure for the rest of the world, whose industry was smashed by the war. The returning vets buying homes and cars & stuff, also helped.
Now, we are in almost the opposite situation:
We started off already having built up a war machine, and are IN a war. Then the Great Recession started. The problems in the world's economy are largely caused by OVERcapacity in every sector. The economies are failing because nobody needs to buy anything.
Doh.
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