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The idea that in 2008 or other years near that date consisted to be a "Great Depression" is false. As an example, the unemployment rate in the depression of the 1930's was 25% of the workplace. Also, a Stock Market crash was demonstrated on several occasions in the late twenties as an example. No such fall in prices to the extent of that economically recognized "crash" happened in 2008 or years near that year.

Some of the weaknesses in the United States economy in the midst of the fall in stock prices were low quarterly economic growth numbers, an unstable employment level, low housing values and unconventional asset purchases by the Federal Reserve Bank of NY.

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Q: What were some of the weaknesses in the American economy in 2008 which have been labeled a recession year?
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