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What is depression in economics?
Was the depression a depression?
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What is the return of depression economics?
An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one major or more national economies.
A depression is a long period of time in which the economy of a country is not working well. It is usually marked by a large number of people being without jobs. A depression is a more severe kind of recession. A depression can last for several years. In addition to high unemployment, depressions hurt banks, trade and manufacturing.
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, leading to a period of economic depression. [1] The economic contagion began around September 1929 and led to the Wall Street stock market crash of ...
Feb 29, 2024 · Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.
The Return of Depression Economics and the Crisis of 2008 is a non-fiction book by American economist and Nobel Prize winner Paul Krugman, written in response to growing socio-political discourse on the return of economic conditions similar to The Great Depression.
- Paul R. Krugman
- 214 pp.
- 2008
- December 2008
depression, in economics, a major downturn in the business cycle characterized by sharp and sustained declines in economic activity; high rates of unemployment, poverty, and homelessness; increased rates of personal and business bankruptcy; massive declines in stock markets; and great reductions in.
Feb 4, 2024 · A depression is a severe and prolonged downturn in economic activity. A depression may be defined as an extreme recession that lasts three or more years or which leads to a decline in real...