That makes no sense. A recession can’t cause a depression; recessions turn into a depression after sustained decline of GDP. Also, the term “recession” didn’t really exist until after The Great Depression. This is because there is a huge difference between the two, so they had to come up with a word to differentiate between the severity of the economic downturn.
At least research your shit before trying to sound rich. You come off sounding like a lower middle class GDI.
1930’s were in a depression, not recession. Not knowing this NF
14 years ago at 8:33 amit was called the Great Depression because of the recession u moron
14 years ago at 9:39 amThat makes no sense. A recession can’t cause a depression; recessions turn into a depression after sustained decline of GDP. Also, the term “recession” didn’t really exist until after The Great Depression. This is because there is a huge difference between the two, so they had to come up with a word to differentiate between the severity of the economic downturn.
At least research your shit before trying to sound rich. You come off sounding like a lower middle class GDI.
14 years ago at 1:07 pm