Quote:
Originally Posted by sleepy jack
There has only been one depression. A depression, by definition, is a very long economic downturn (an entire decade for instance.) We have only gone through this one that was the Great Depression. There has been no other economic depression in United States history.
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It is not a very long economic downturn. Its s SEVERAL years. You are just measuring it by the great depression. Also during that time the GDP must change severly, unemployment goes way down, wages go down, and economic output goes down.