The quite recent global economic disaster that had dealt a devastated blow on economies across the globe deserves attention in the field of academic given the effect it has had on African economy. The need to do a critical appraisal on the phenomenon –global economic meltdown; identification of its causes and effect on global economy and Africa as a continent becomes imperative in view of the quest for sustainable Africa economy and the need to fight the scourge of poverty in Africa. This paper through a historical analysis and critical research method focuses predominantly on American experiences and panacea adopted to ameliorate the menace. The discovery made on this critical survey might form the benchmark in understanding the way out of the most recent and subsequent experiences of economic meltdown.
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