INVESTMENT

Is The Great Depression An Eerie Blueprint For Recession 2020

Recession 2020

The Great Depression May Pale In Comparison To The¬†2020 Recession Forthcoming recession 2020 is beginning to look like the Great Depression of worldwide economic downturn that began in 1929 and lasted until about 1939. Will History Repeat Itself? If the current national emergency is extended for 18 months, there will be the worst economic depression the world has ever seen. By comparison, The Great Depression was the longest and most severe depression ever experienced by the industrialized Western world. Although the Depression originated in the United States, it resulted in drastic declines in output, severe unemployment, and acute deflation in almost every country of the globe. But its social and cultural effects were no less staggering, especially in the United States, where the Great Depression ranks second only to the Civil War as the gravest crisis in American history. Economic History The timing and severity of the Great Depression varied…

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