Depression , in Economics
Encyclopedia article; The Columbia Encyclopedia, Sixth Edition, 2009
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...economics, period of economic crisis in commerce, finance...unemployment. A less severe crisis is usually known as a recession...be a normal part of the business cycle ; it is traditionally...purchasing power, causing the crisis to spread and become more...1700 to 1825 economic crises were in the main speculative...sought to affect the business cycle directly and prevent depressions...related securities and other financial instruments that had pervaded...C. Mitchell, Business Cycles and Their Causes (1989...