Financial crises have been more extensive and pervasive in the last decades than in any previous period as an outcome of financial globalization. The global financial crisis of 2008 is a major ongoing financial crisis, the worst of its kind since the Great Depression of 1929. A review of the characteristics of the financial crisis is analyzed in addition to the inclusion of various types of financial crisis; the currency crisis, banking crisis, debt crisis and twin crisis. Furthermore, there is a highlight of the historical perspective of the global financial crisis. The book seeks a comparative analysis of the core causes, features, consequences and remedy tools of the 1929 and 2008 global financial crisis. The book highlights various literatures as well as the relevant theories of financial crisis and financial system stability. In add; applying the Minsky/ Kindleberger Panic Model on the 1929 and 2008 financial crisis to clarify the similarities and differences between them as well as the lessons learnt from them and how to predict and prevent further crises.