Understanding the Great Depression
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The impact of the global lockdown following the spread of Coronavirus has resulted in a global recession which some economists think may rival the dreaded Great Depression of the 1930s. If you don’t understand what the Depression was and why it’s still so feared, this article which also contains a handy video is for you.
+ Concepts explained concisely and clearly
+ Avoids use of economic terms as much as possible
+ Handy video explains the ‘snowball effect’
+ Presents different views as well as a conclusion
– The Depression is a huge topic in of itself and some important concepts may have been avoided to reduce the length of the article.