This introduction to recession and depression will answer whether we are in a recession or depression now. It also defines recession and depression, and explains the causes of recession and depression. You will learn the difference between recession vs depression, and a little history about the Great Depression of 1929. Finally, learn how to prepare for a recession.
GDP growth is negative for consecutive two quarters or more. However, you can feel like you are in a recession before it has officially started because it is usually preceded by several quarters of slowing but positive growth. Find out more about the recession in 2001, and the benefits of recession.
banks around the world, including the U.S. Federal Reserve, are so much more aware of the importance of monetary policy in regulating the economy. Find out what caused the Depression, how bad it was, and what finally ended it.
inflation. Finally, if it is under a mattress, someone could steal it.