2006-10-13 06:14:28 · 4 answers · asked by msbusybee2003 1 in Social Science ➔ Economics
The period 1873 to 1891 was referred to as a depression at the time, but what really happened was that some important PRICES were on a falling trend, such as wheat and tin, so it felt like a depression to the sellers of these things, but economic historians show that it was a period of good growth for REAL gdp in US and UK and Belgium and Germany (the industrial world at that time).
2006-10-17 05:23:11 · answer #1 · answered by MBK 7 · 0⤊ 0⤋
Recession is a Politicians name for Depression.
Instead of everything crashing, it is like a balloon.
We have inflation wherein all the big money boys rip us off, then we have a Recession where everything we had is worth decidedly less than it was before.
It is a process of Blow up the balloon, scrape off the goodies and let the air out, much richer than we were before. That is how the people that controll all the wealth in the world operate. Inflation followed by Recession.
Try this website for more info.
http://search.yahoo.com/bin/search?p=1890%20Recession
2006-10-13 13:25:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
most of the 80's were the opposite...with a recession starting in the very late 80's into the early 90's
2006-10-13 13:17:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
who cares
2006-10-13 13:16:11 · answer #4 · answered by Justin D 2 · 0⤊ 0⤋