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For many Americans, “The Great Depression” means 1929. But the economy didn’t bottom out until four years later in 1933. And then crabwalked sideways for almost another decade. Not until WW2 did it start to really recover.
For many Americans, “The Great Depression” means 1929. But the economy didn’t bottom out until four years later in 1933. And then crabwalked sideways for almost another decade. Not until WW2 did it start to really recover.
RE: Inflation-Deflation Discussion: Why Deflation Is Much Worse