What is an Economic Recession, and how is it different from a depression?
Black Thursday brings the roaring twenties to a screaming halt, ushering in a world-wide an economic depression. Closed petrol pumps at a Getty petrol station in the United States during the global oil crisis, caused by the OAPEC’s oil embargo, circa 1975. The U.S. government doesn’t decide when the economy has officially entered a recession. […]