What is an economic depression?



What is an economic depression?

An economic depression is an occurrence wherein an economy is in a state of financial turmoil, often the result of a period of negative activity based on the country’s Gross Domestic Product (GDP)

What caused the Great Depression?

In which John Green teaches you about the Great Depression. So, everybody knows that the Great Depression started with the stock market crash in 1929, right? Not exactly. The Depression happened after the stock market crash, but wasn’t caused by the crash.

Are you prepared for an impending economic depression?

Before an economic depression happens, there are things that people should take notice of in order to be able to prepare for one. They include the following: 1. Worsening unemployment rate A worsening unemployment rate is usually a common sign of an impending economic depression.

What is crash course European history?

Hi I’m John Green and this is Crash Course European History. So, despite improvement in living conditions across much of Europe after 1925, wartime resentments and disruption lingered. and then a momentous event in 1929 gradually turned into a wide-ranging disaster: in that year, the U. S. stock market crashed.