Tag Archives: Great Depression

Lessons from Economic Downturns: Depression to Recession

Lessons from Economic Downturns Depression to Recession

Did you know that during the Great Depression, unemployment in the United States soared to 25% while global trade plummeted by over 60%? These figures underscore the devastating impact of economic crises and highlight why understanding their lessons is crucial. Introduction Economic downturns have shaped the world’s financial and social landscape for generations. From the …