Economic Contraction
contraction and expansion.
Consumers begin buying more and companies increase production
That's why it is called "the depression," because it was the biggest time of great financial hardship in the recent past. "The Great Depression" and "The Depression" are the same thing. Although, some people talk about us entering "a depression" sometimes, and they are talking about the economy now, not back then.
The devastation it had not only on our country but on the other countries around the world. The bottom fell out of the stock market; people that were financially solvent one day - literally the next day were penniless. People lost their homes, farms, businesses. People were put out onto the street.
Business Cycle.
The components of the business cycle is Prosperity, Recession, and depression.
The Great Crash signaled a severe contraction of the economy.
He thought the business cycle would correct itself.
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
depression
Depression.
the business cycle
contraction and expansion.
Failed to provide direct relief for the neediest persons.
A recurring cycle of booms and busts, recoveries and recessions ere...
Depression (Nova Net)