"...starting with the fall in stock prices...it quickly spread to almost every country in the world. ...devastating effects in virtually every country, rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%.Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most....primarily a failure on the part of free markets or a failure of government efforts to regulate interest rates, curtail widespread bank failures, and control the money supply."

Sound familiar, its not about the current economic crisis but a wiki page describing the Depression of the 1930s. source

So how did the the West escape from a decade of Depression?

"The common view among economic historians is that the Great Depression ended with the advent of World War II. Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression.."

How about we incease government spending? Scare people so much about the threat of the boogie man they will want us to spend their tax money bombing some Arab country to pieces.

Looks like the plan is already in motion....

Iran agents 'planned US terror attacks