Great Depression Essays (Examples)

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Depression and Censoring the American

Words: 1444 Length: 3 Pages Document Type: Essay Paper #: 39783071

The vey cux of the agument comes to the cental point of censoship -- who must be potected and why must they be potected? Ideas, political, social, o othewise, may be the most dangeous fom of liteatue eve. Fo instance, in 19th centuy autocatic egimes, the ideas of Kal Max, even Voltaie, Locke, and Jeffeson wee seen to be subvesive because they challenged the ode of things, the idea that the monachy should ule by divine ight, and that cetain people had, by manifest destiny, the ight to be moe equal than othes. So, too, do images and vebiage change ove time egading public acceptance. At the tun of the centuy bathing suits coveed almost 90% of the human body, and a day at the beach would've been fa diffeent had some of today's skimpy G-stings o bikinis shown up. Similaly, sexual activity was hinted at fom the ealy days…… [Read More]

references homo-eroticism in a coming of age drama; another might see critiques of the War on Terror subversive, while still another might find literary value in the works of art by someone like Robert Mapplethorpe. Thus, in order to maintain a free and just society in which ideas are strong commodities we must take the notion that an educated populace is an informed populace. Our focus should be on educating children and youth so that, when appropriate, they can make decisions about what is right, wrong -- how to vet source material, and above all, what ideas they might want to accept and which to reject. This documentary should be shown in the classroom for, much like the movie Saving Private Ryan, it brings the real story of history into the lives of people without over glorifying the issue. War and conflict are not pretty, not neat, and people do not die as they do in a John Wayne western. Of course, certain material is age dependent, but it is important to note that in Middle and High school, students appreciate the truth more than half-truths and old adages about history that are simply not factual.
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Great War the United States After the

Words: 1130 Length: 4 Pages Document Type: Essay Paper #: 43814515

Great ar

The United States after the Great ar

orld ar I, also known as the Great ar, officially came to an end in 1918 and reshaped the country in a variety of ways. One of the most immediate changes was the way the world perceived the United States. Before the war, most of the country and its leaders preferred an isolationist stance to any international conflict. In 1914 the U.S. had only a small army and a pitiful navy, yet as the war progressed many Americans began to disapprove of the German's use of submarines to sink neutral ships such as the infamous sinking of the Lusitania (Hickman). However, it is interesting to note that the German's were actually correct in their assertion that the Lusitania was being used to carry military ammunition, as divers have recently uncovered from the wreckage, which did actually make the ship a legitimate…… [Read More]

Works Cited

Arnesen, E. "Red Summer: The Summer of 1919 and the Awakening of Black America' by Cameron McWhirter." 18 November 2011. Chicago Tribune. Web. 27 October 2012.

Greenhill, S. "Secret of the Lusitania: Arms find challenges Allied claims it was solely a passenger ship." 19 December 2008. Mail Online. Web. 27 October 2012.

Hickman, K. "World War I: Sinking of the Lusitania." N.d. Military History. Web. 27 October 2012.

Kaldor, N. "Inflation and Recession in the World Economy." The Economic Journal (1976): 703-714. Web.
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Depression or Recession Determining Whether

Words: 568 Length: 2 Pages Document Type: Essay Paper #: 69852393

Third, economic depressions spread from one nation to others whereas economic recessions remain substantially isolated where they first occur and they are eased partially by the strength of national economies elsewhere. Finally, contemporary analyses of economic downturns suggest that distortions to industrial labor markets that keep wages above market-clearing levels are more significant than even bank failures (Ohanian, 2010).

Recommendations and Conclusion

It is recommended that public statements on the matter highlight the failure of the opposition to recognize or understand the fundamental nature of economic depressions and the dangers associated with ignoring the important similarities between the 2008 economic crisis and the Great Depression. The current economic crisis shares all of the conceptual hallmarks of an economic depression, including the potential to persist over a longer term and spread globally more than it has already. In that regard, the key to overcoming the current economic crisis is in supporting…… [Read More]

Sources Consulted

Judis, J.B. "You Say Recession, I Say Depression: Why the difference between those two words is so important to the future of our economy." The New Republic, September 7, 2010. Retrieved September 8, 2010 from: http://www.tnr.com/article/economy/77427/economic-crisis-recession-depression

Ohanian, L.E. "Understanding Economic Crises: The Great Depression and the 2008

Recession." The Economic Record, Vol. 86, Sept. 2010: 2-6.
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Depression of Argentina the Great

Words: 1530 Length: 4 Pages Document Type: Essay Paper #: 51772252

Mercosur is the fourth largest integrated market and is the second largest in the Americas (Paolera & Taylor, 1999). NAFTA is first. In May of 2008 Argentina was also elected to the Human Rights Council.

There have also been UN peacekeeping operations in places like Cyprus, Haiti, Kosovo, and the Middle East that have used Argentine troops (Paolera & Taylor, 1999). In 1990, diplomatic relations with Argentina were restored and many countries invest in Argentina (Paolera & Taylor, 1999). The U.S. is one of them, and is the sixth largest investor (Paolera & Taylor, 1999). In the pharmaceuticals sector, the UK is one of the biggest investors (Paolera & Taylor, 1999). It is easy to see that Argentina has been through a lot but it has emerged stronger and is capable of doing a great deal for other countries as well.

ibliography

Caldwell, J. & O'Driscoll, T.G. (2007). What caused…… [Read More]

Bibliography

Caldwell, J. & O'Driscoll, T.G. (2007). What caused the great depression? Social Education, 71(2), 70-74.

Hopenhayn, H.A. & Neumeyer, P.A. (2003). The Argentine great depression 1975-1990. Universidad T. di Tella. Retrieved from: www.utdt.edu/download.php?fname=_ 116465913307356800.pdf

Ohanian, L.H. & Cole, H. (2002). The great UK depression: A puzzle and possible resolution. Review of Economic Dynamics, 19-44.

Ohanian, L.H. & Cole, H. (1999). The great depression in the United States from a neoclassical perspective. Quarterly Review, Federal Reserve Bank of Minneapolis, 2-24.
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Great Recession That Started in the U S

Words: 977 Length: 3 Pages Document Type: Essay Paper #: 11028528

Great ecession that started in the U.S. In 2008 and continued by affecting the global economy is often compared to the Great Depression of the 1930s. The complexity of the crisis has determined specialists in the field to identify several causes that led to this crisis. These specialists agree upon the fact that the crisis was caused by the significant increase in the housing rates combined with declining prices in the real estate business. Homeowners lack of sufficient savings did not allow them to support these loans, and they also did not want to sell their houses for lower amounts in comparison with their mortgage level. As a consequence, they were forced to foreclose. This situation determined a series of problems for the banks that had bought mortgage backed securities and that were losing important amounts of capital because of the high rate of foreclosures.

In order for them not…… [Read More]

Reference list:

1. Warner, J. (2010). What the Great Recession Has Done to Family Life. The New York Times. Retrieved February 24, 2011 from http://www.nytimes.com/2010/08/08/magazine/08FOB-wwln-t.html?_r=1.

2. The Great Recession and Marriage (2011). University of Virginia. Retrieved February 24, 2011.

3. Boushey, H. et al. (2010). What the Census Tells Us about the Great Recession. Center for American Progress. Retrieved February 24, 2011 from http://www.americanprogress.org/issues/2010/09/joint_poverty_memo.html.

4. Hurd, M. & Rohwedder, S. (2010). Effects of the Financial Crisis and Great Recession on American Households. Netspar. Retrieved February 24, 2011.
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Great Crash 1929

Words: 757 Length: 2 Pages Document Type: Essay Paper #: 50253019

John Kenneth Galbraith's The Great Crash: 1929

John Kenneth Galbraith's book The Great Crash: 1929 claims that the depression of 1929 was a direct result of the miscalculations of the financial analysts and the other brokers which caused the crash of the stocks. He states that these actors of the economic field had a direct involvement in the stock market and had become too greedy to actually see what was happening to the market around them-too greedy to actually fear the recuperation's of what was easily predictable as the downfall.

The Great Crash of 1929 was one which shook the very foundations of the economic theories that were prevalent in the past and forced the society to realize that there was something fundamentally wrong when our basic concepts were proven so drastically wrong. John Kenneth Galbraith like many other economists remains fascinated with the Crash of 1929. As an economist…… [Read More]

References

1. The Great Crash 1929, by John Kenneth Galbraith (1997)

-Quotes from "The Great Crash: 1929," First Published 1955
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Older Adults the Connection of Depression With Diseases

Words: 2590 Length: 10 Pages Document Type: Essay Paper #: 42903853

Depression, Disease, And Aging

Aging brings many changes in health, social relationships, work situation, and other dimensions of life, and old age has been examined as one aspect of life development, showing how earlier stages contribute to the coping mechanisms older people have and how they apply these to new situations. A number of the changes accompanying old age can create stress and depression, and in turn these psychological states can contribute to the onset of disease or to the course disease takes. Studies have also shown that untreated depression can contribute to a higher suicide rate for the elderly.

How the elderly person is affected may depend on his or her closest relationship. The aging process for many includes physical or mental deterioration which can place considerable strain on the life partner, who now has to contend not only with his or her own diminished function because of aging…… [Read More]

References

Causes of depression 2004, GlaxoSmithKline, retrieved August 23, 2005 from http://www.depression.com/causes_of_depression.html.

Cox, H.G. (1988). Later life: the realities of aging. Englewood Cliffs, New Jersey: Prentice-Hall.

Depner, C.E. & Ingersoll-Dayton, B. (1985). "Conjugal social support and patterns in later life." Journal of Gerontology, 40, No. 6, 761-766.

Ebersole, P. & Hess, P. (1998). Toward healthy aging: Human needs and nursing response. St. Louis, Missouri: Mosby.
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Depression Currently Depression Is a

Words: 3040 Length: 10 Pages Document Type: Essay Paper #: 91861547

So, although the reverse of these characteristic is not indicative of depression, their expression within the context of grief suggests the lack of clinical depression.

ith the fundamentals of depression outlined, it is reasonable to wonder why such symptoms and behaviors manifest themselves in certain people and why they do not in others. Many different researchers coming from many different scientific backgrounds -- from psychology to biochemistry -- have investigated the fundamentals of depression, and each have constructed models as to what its underlying causes are. Each of these investigations has attempted to explain the causes and symptoms of depression and has offered treatment possibilities.

The psychological models of depression have focused their attention on failed early attachment, inability to obtain desired rewards, impaired social relations, and distorted thinking." This approach to depression has yielded some valuable information regarding the disorder; yet, much of the results make it unclear as…… [Read More]

Works Cited

Ainsworth, Patricia M.D. Understanding Depression. Jackson: University of Mississippi Press, 2000.

American Medical Association. Essential Guide to Depression. New York: Pocket Books, 1998.

Cherlin, Andrew J. "Going to Extremes: Family Structure, Children's Well-Being, and Social Science." Demography, Vol. 36, Nov. 1999. Pages 421-28.

Copeland, Mary Ellen M.S., M.A. The Depression Workbook: Second Edition. Oakland: New Harbinger Publications, 2001.
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Depression in the Young or Old Adult Women

Words: 2252 Length: 9 Pages Document Type: Essay Paper #: 96416849

Depression in Young and Older Women

Recent research reveals that about one percent of the general population suffers from manic-depression and five percent suffers from major depression during their lives (Simonds, 2001, p. 86). However, the incidence for depression in women is twice as high or more; as many as one in five American women has a history of depression during her lifetime.

Due to the various social and medical problems presented by increasing numbers of women who suffer from depression, this topic is of utmost importance in today's society.

This paper will examine the causes and effects of depression in both young and older women; examine existing medical research for both groups; identify major differences in depression for young and older women; and present a conclusive analysis of observations.

To determine what the causes of depression are in young and older women, and to differentiate between the two groups,…… [Read More]

Bibliography

Blumenthal, Susan. (Fall, 1996). Gender Differences in Depression. The Decade of the Brain, NAMI, Volume VII, Issue 3.

Boyles, Salynn. (February 14, 2002). Older Women Have Tough Time With Depression. WebMD Medical News.

Merschino, Diane. (July 2002). Depression in Young Women. Women's College Hospital Foundation.

National Institute of Mental Health. (October, 1999). Depression: What Every Woman Should Know. NIMH Publication No. 95-3871.
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Depression in Adolescents

Words: 2145 Length: 8 Pages Document Type: Essay Paper #: 23764681

Depression in Adolescents

Roughly nine percent of the population - an estimated 18.8 million Americans -- suffers from depressive disorders, illnesses that affect the body as well as the mind.

The effects of depression are magnified in children, who are experiencing depression in greater numbers. An estimated 8.3% of teenagers in the United States are suffering from depression, a significant leap from two decades ago. To compound the problem, researchers like Farmer (2002) found that about 70% of adolescents suffering from depression are unfortunately not receiving adequate treatment.

This paper examines the growing problem of depression among adolescents. The first part of this paper is an overview of teen depression, looking at its causes and contrasting teen depression with depression in adults. The next part then looks at the depressive symptoms among teenagers, contrasting these with the symptoms of depression in adults. In the last part, the paper examines the…… [Read More]

Works Cited

Beardslee, William R., Tracy Gladstone, Ellen Wright and Andrew Cooper. 2003. "A family-based approach to the prevention of depressive symptoms in children at risk: evidence of parental and child change." Pediatrics. 112(2): 401-412.

Egger, Helen. 2003. "Recognizing and treating depression in young children." The Brown University Child and Adolescent Behavior Letter. 19(3): 1-3.

Farmer, Terri J. 2002. "The experience of major depression: Adolescents' perspectives." Issues in Mental Health Nursing. 23(6): 567-586.

Koplewitz, Harold. 2002. More Than Moody: Recognizing and Treating Adolescent Depression. New York: Putnam.
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Depression Continues to Be One of Most

Words: 1911 Length: 5 Pages Document Type: Essay Paper #: 34445568

Depression continues to be one of most common medical conditions for the elderly.

Percentages of elderly with the illness

Degree of increase in suicidal tendencies of depressed

Wrong assumption that aging necessitates depression.

Difficulty of healthcare providers in recognizing depression.

Increased tendency toward suicidal tendencies in many depressed.

Other individuals immune to depression and suicide despite life problems.

Individuals may not even recognize their own depression

Myths associated with aging including depression

Symptoms may take months to worsen and show up

Aging individuals should be treated similar to younger patients when seen by doctor.

Depression can mask itself in many ways

Up to family and healthcare providers to be vigilant and notice changes.

With care, individuals can be helped.

Depression ranks as one of the most common medical problems in the elderly. The occurrence of this illness among community-dwelling older individuals ranges from 8 to 15% and among institutionalized individuals,…… [Read More]

References

De Leo, D. (ed) (2004). Suicidal Behavior. Cambridge, MA: Hogrefe & Huber.

Evans, G. (2000) Suicide and the elderly: warning signs and helping points.

The Institute of Food and Agricultural Sciences (IFAS) of the University of Florida.

Fact sheet FCS2183. Gainesville, FLA.
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Depression and Eating Disorders the Eating Disorder

Words: 2168 Length: 7 Pages Document Type: Essay Paper #: 29615540

Depression and Eating Disorders

The eating disorder category in the DSM-IV includes Anorexia Nervosa, Bulimia Nervosa, and the Eating Disorder Not Otherwise Specified categories. Peck and Lightsey (2008) note that while the DSM classification symptom is currently the most used system, there has been some debate in the about how to classify people with eating disordered behavior. A viable alternative to the discrete categories used in the DSM is notion of viewing eating disorders along a continuum from having no such behaviors to the severe eating disordered behaviors. In an effort to combine the two methods the self-report Questionnaire for Eating Disorders Diagnosis (QEDD) was developed. The QEDD distinguishes nonsymptomatic individuals (no symptoms) to symptomatic individuals (those that have some symptoms, but do not qualify for a diagnosis to anyone qualifying for an eating disorder diagnosis). Previous research has provided support for this conceptualization by comparing the QEDD with scores…… [Read More]

References

Hudson, J.I., Hiripi, E., Pope, H.G., Jr., & Kessler, R.C. (2007). The prevalence and correlates of eating disorders in the National Comorbidity Survey Replication. Biological Psychiatry, 61, 348 -- 358.
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Depression in Literature Minnie Wright

Words: 1560 Length: 5 Pages Document Type: Essay Paper #: 76509342

Then after Homer disappeared, she gave china painting lessons until a new generation lost interest, and then "The front door closed...remained closed for good" (Faulkner pp). Emily's depression caused her to become a recluse.

All three female protagonists are so dominated by male authority figures that their loneliness leads to severe depression, which in turn leads to madness, then eventually acts of violence. None of the women have active control of their lives, however, each in their own way makes a desperate attempt to take action, to seek a type of redemption for the misery and humiliation they have endured by the male figures in their lives.

orks Cited

Curry, Renee R. "Gender and authorial limitation in Faulkner's 'A Rose for Emily.'" The Mississippi Quarterly. June 22, 1994. Retrieved July 28, 2005 from HighBeam Research Library eb site.

Faulkner, illiam. "A Rose for Emily." Retrieved July 28, 2005 at http://xroads.virginia.edu/~drbr/wf_rose.html…… [Read More]

Works Cited

Curry, Renee R. "Gender and authorial limitation in Faulkner's 'A Rose for Emily.'" The Mississippi Quarterly. June 22, 1994. Retrieved July 28, 2005 from HighBeam Research Library Web site.

Faulkner, William. "A Rose for Emily." Retrieved July 28, 2005 at  http://xroads.virginia.edu/~drbr/wf_rose.html 

Gilman1, Charlotte Perkins. "The Yellow Wallpaper (1899)." Retrieved July 29, 2005 at http://www.library.csi.cuny.edu/dept/history/lavender/wallpaper.html

Gilman, Charlotte Perkins. "Why I Wrote The Yellow Wallpaper" 1913. Retrieved July 28, 2005 at http://www.library.csi.cuny.edu/dept/history/lavender/whyyw.html
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Daily Life During the Great

Words: 2068 Length: 8 Pages Document Type: Essay Paper #: 65126793

e learn that our way of life can change practically overnight. e learn that suffering on a massive scale can happen from just a few high-level missteps. But perhaps most importantly, we learn that the American spirit has an amazing capacity for resourcefulness and resilience -- a lesson that might comfort us in our own times of worry.

orks Cited

"Always Lending a Helping Hand: Sevier County Remembers the Great Depression." New Deal Network. eb. Retrieved 19 Sept 2011 from http://newdeal.feri.org/sevier/index.htm

Downing, David. The Great Depression. Chicago: Reed Educational Publishing, 2001.

Horowitz, Irving Lewis. "A Child's View of the Great Depression." Antioch Review. Fall 2009, Vol. 67, Issue 4. p 678-681.

McNeese, Tim. The Great Depression, 1929-1938. New York: Infobase Publishing, 2010.

Schultz, Stanley. The Great Depression: A Primary Source History. New York: Gareth Stevens, 2005.

Annotated Bibliography

"Always Lending a Helping Hand: Sevier County Remembers the Great Depression." New…… [Read More]

Works Cited

"Always Lending a Helping Hand: Sevier County Remembers the Great Depression." New Deal Network. Web. Retrieved 19 Sept 2011 from  http://newdeal.feri.org/sevier/index.htm 

Downing, David. The Great Depression. Chicago: Reed Educational Publishing, 2001.

Horowitz, Irving Lewis. "A Child's View of the Great Depression." Antioch Review. Fall 2009, Vol. 67, Issue 4. p 678-681.

McNeese, Tim. The Great Depression, 1929-1938. New York: Infobase Publishing, 2010.
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Social Realism and the Great

Words: 1168 Length: 3 Pages Document Type: Essay Paper #: 40038938

His painting (social realism) called "Approaching Storm" is a remarkable portrayal of a man walking up a hill with a bucket of water and two donkeys waiting to be told what to do. In the distance is a menacing storm. The website (Twecht.tripod) says that this farm could possibly have been a beautiful place to live at one point in time…but now it is gray and windy…all life in the painting ceases to exist" (www.twecht.tripod.com).

Dorothea Lange

Dorothea Lange is among the best known of all the photographers and artists that contributed to the social realism movement during the Great Depression. Lange's most famous photograph, "Migrant Mother," shows a worried woman with two "tousle-haired children clinging to her, their faces turned away from the camera" (u, 2010, p. 1). A third child is asleep in the woman's arms. That photo -- taken in a migrant camp in California -- is…… [Read More]

Works Cited

Archives. "Portfolio: Dorothea Lange." Retrieved Dec. 7, 2010, from  http://www.archives.gov/exhibits/picturing_the_century/text/port_lange_text.html .

Illinois State Museum. "The Federal Art Project (FAP)" Retrieved Dec. 8, 2010, from  http://www.museum.state.il.us/muslink/art/htmls/de_FAPhist.html . (2010).

The History Place. "Migrant Farm Families." Retrieved Dec. 8, 2010, from http://www.historyplace.com/unitedstates/lang/index.html. (2010).

Twecht Tripod. "Thomas Hart Benton: Approaching Storm, 1938." Retrieved Dec. 8, 2010,
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Economic Depression of Europe

Words: 2122 Length: 6 Pages Document Type: Essay Paper #: 43307480

Economic Depression of Europe

An economic depression is more severe than a recession due to the fact that a depression involves drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and high levels of unemployment.

There were economic depressions in Europe that were experienced before and after the 1870 but with a remarkable difference, being that those that were experienced before the 1870s were less costly in terms of life and resources and took relatively lesser period. Indeed it was a commonplace that every part of Europe experienced one sort of economic depression or the other.

One such economic situation before 1870 was the "little ice age" which began in the late 16th century till around 1950s as indicated by Big Site of History (2011). This was a time when a severe cold that could not be withstood by most crops set in most…… [Read More]

References

Big Site of History (2011). Social Trends in 17th Century Europe: The Problem of Divine-Right

Monarchy. Retrieved July 18, 2011 from http://bigsiteofhistory.com/social-trends-in-17th-century-europe-the-problem-of-divine-right-monarchy

Historic UK, (2011). The Great Plague 1665. Retrieved July 18, 2011 from http://www.historic-

uk.com/HistoryUK/England-History/GreatPlague.htm
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Economic Depression in 1929

Words: 339 Length: 1 Pages Document Type: Essay Paper #: 61456968

Economic Depression in 1929

The Great Depression of the 1930s began with the stock market crash in October 1929. When this occurred, Herbert Hoover was president, and he did not do enough, in many people's opinion, to end the depression. In fact, many of the "shanty" towns where homeless, out of work people lived were called "Hoovervilles." Republican Hoover took a stand back and wait approach, he felt that American business would rebound, and that it was not the business of government to get involved in creating jobs. Hoover understood he needed to make changes, but many of the changes he attempted failed, due to a Democratic Congress and a strained federal budget. The country continued to blame Hoover as the depression worsened, and threw more and more people out of work. He did initiate work programs and economic legislation, but it was not enough to put the country back…… [Read More]

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Differentiated Unit Plan the Great

Words: 617 Length: 2 Pages Document Type: Essay Paper #: 80422112



a.

eading 4.6 b.(collecting information, using resources from media centers online, print and other media resources)

Using the media center, the children will find information on the Great

Depression -- what caused it, how it affected the people of the United States and in other places of the world.

b.

Grade level: 4th

a) allow students to learn skills to help them find information about topics that they need to research. This will help them immensely as they go through school.

So much information is found online these days, giving students the tools to answer their own questions is a very important aspect of learning.

Character Principles: Discipline -- "And that you study to be quiet, and to do your own business, and to work with your own hands, as commanded you" (I Thessalonians 4:11). Work ethic -- "But let every man prove his own work, and then shall he…… [Read More]

References:

HCISD (Harlingen Consolidated Independent School District). (2010). "Math Lesson

Plan Ideas." Retrieved on August 28, 2010, from the Web site:

http://www.harlingen.isd.tenet.edu/

Spano, M. (2002). Measuring up to the Virginia standards of learning, mathematics:
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Galbraith's Great Crash the Great Crash of

Words: 847 Length: 3 Pages Document Type: Essay Paper #: 10151322

Galbraith's Great Crash

The Great Crash of 1929 and the ensuing Great Depression is an event that many comparisons are drawn against. Certainly in a time of global economic recession, bank bailouts, and political meanderings about the future of social safety nets like Social Security and Medicare, the topics in Galbraith's book represent interesting anecdotes and lessons we can learn from the event. Galbraith uses both his sharp wit and his background in finance and economics to pinpoint the causes of the crash and make some assertions as to the true roots of the Great Depression. Interestingly enough, Galbraith does not attribute the crash to an abundance of credit, as was the case in 2000's, and which caused some of the panic and financial markets damage in 2008. This is a point of contention with some economists, and I believe that Galbraith's assessment of the situation in 1929 is correct…… [Read More]

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Economic Depression and a Recession

Words: 347 Length: 1 Pages Document Type: Essay Paper #: 31927217

" The popular rule of thumb for a recession is two consecutive quarters of falling GDP.

America's Great Depression, the author says, involved a decline in real GDP that exceeded 10%, or one that lasts more than three years. The problem with that definition is that we've only had one, while the country has experienced enough "recessions" to achieve a relatively firm idea of what one is. and, the article goes on to say that other experts believe that the difference between a recession and a depression is more than simply one of size or duration. Who knows?

America's economy may or may not have a distinct whiff of bananas. It just depends on who is doing the defining of what whiff a depression has.

ibliography

Economist.com. (2008, December 30). Diagnosing depression. Retrieved February 27, 2009, from Economist.com: http://www.economist.com/finance/displaystory.cfm?story_id=12852043… [Read More]

Bibliography

Economist.com. (2008, December 30). Diagnosing depression. Retrieved February 27, 2009, from Economist.com: http://www.economist.com/finance/displaystory.cfm?story_id=12852043