No. America MIGHT be in a recession, which is classified as two consecutive quarters of negative GDP growth (of which we now have one). As of December 1, 2008, we are officially in a recession. Two quarters, no growth. Next step.....depression.
At least, some kind of depression has happened. But it isn't a serious depression. I consider that this situation may shift within the next years. Some countries has wrong targets on their internal procedures that cause imbalance on the global economy.
it began in the U.S. but after Hoover enacted the Hawley- Smoot tariff in 1929 the flow of cash from the u.s. to Europe thus creating a global depression.
global unemployment
Yes it did. No State was spared. The Great Depression was a global event.
It help very much.
demilitarization
increased international trade Japanese isolationism
global unemployment
Yes it did. No State was spared. The Great Depression was a global event.
It help very much.
Germany
increased international trade Japanese isolationism
demilitarization
Tariffs :)
True, it was a cause of the Great Depression.
Where did the great depression.... WHAT???-The BOLD explainer ;)
The Great Depression
WWI was a major cause of the Great Depression.
How will the depression in the global economy affect the strategic planning in the organisation?