Back Ekonomiese depressie Afrikaans كساد Arabic Икономическа депресия Bulgarian Depressió (economia) Catalan Economic depression English Depresio (ekonomiko) Esperanto Depresión (economía) Spanish Majandussurutis Estonian رکود اقتصادی Persian Lama (talous) Finnish

Depression (economics)

A 1931 soup kitchen in Montreal feeding unemployed men

A depression is a long period of time in which the economy of a country is not working well. It is usually marked by a large number of people being without jobs. A depression is a more severe kind of recession.[1] A depression can last for several years.[2] In addition to high unemployment, depressions hurt banks, trade and manufacturing. Prices fall, credit is harder to get and there is an increase in bankruptcies.[2]

A depression in one country can quickly spread to other countries. For example the Panic of 1873 started in Vienna and spread to other parts of Europe and to America, bringing what was called "the Great Depression" until a worse one came in 1929.

  1. ↑ "What is the difference between a recession and a depression?". Federal Reserve Bank of San Francisco. Retrieved 21 May 2016.
  2. ↑ 2.0 2.1 Chris Seabury (28 September 2015). "Recession And Depression: They Aren't So Bad". Investopedia, LLC. Retrieved 21 May 2016.

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