The US economy is in recession, as people have less money to spend. It is not yet a depression in which the entire ecomomy collapses, but it could still happen later on.
right now 2009 the us economy is in a recession, but could in a depression later on in the future if we are in a recession for too long.
The proper term describing the US economy after the depression is recovery. The economy went up from where it was.
Mainly, it was World War II.
The Great Depression
usa became a mixed economy basically after the great depression
Herbert Hoover was president when it became obvious that the economy was in a depression.
Depression of the 30's.
Yup, since the american economy was so big and important in the world.
The effects are it declined the economy miserably and sent them into the Great Depression
D. bear market
Creating more industries was what ultimately led to recovery of the US economy following the Great Depression. This meant that there was a high production capacity with millions of people working.
WW2 not only didn't hurt the US's economy, it actually pulled us out of the Great Depression.