<p>Does it have to be over the every economic failure in European History? That would be much more difficult than if you stuck to one or two failures. I'd do something like this, if you are allowed to choose two failures:</p>
<p>Compare and contrast the social and economic effects of the economic failure in Ireland in the mid 19th century to the Depression of the 1930s in Europe.</p>
<p>"In analyzing the major economic failures of European history, provide commentary on the short-term and long-term effects of these disasters on society."</p>