The prices are going up Depression ? when the prices go up you cant buy it thats called a depression?

Question

gasoline has force the priced to go up out of site the news hasnt said it yet but its coming Depression look at history what do you think

Answer 1

a depression is defined as a recession of a period longer than two years.

a recession is defined as six months of a decline in production.

therefore, you would need to show that a decrease in production of 24 months has occured.

since production is on the rise, your analysis is inconsistent with economics.

Answer 2

Not if you mean like the so called "Great Depression" that began in 1929. Will it make you depressed, certainly. In the depression, the prices did not rise, they actually fell. However, most people had little or no money to pay any price at all with. Jobs were scarce, very scarce. One could say it was bound to happen, as our economy changed from an agricultural base to a industrial base. When the industries that people were now dependent on for their livings folded, there was nowhere to turn for income. The remaining farm families were actually some of the best off, if they were good at running their farms, at least they would eat. they had nowhere to sell their goods though, since few if any had the money to pay even a small price for them.

What we are experiencing now however, may cause a depression. Companies heavily dependent on fuel will fold first, like we see airlines doing all the time, then trucking companies, then other companies will fold if they can't ship their goods, and it starts a vicious cycle. If you want to know the truth, that is probably why bush is keeping the limited war going when there is no real reason to otherwise. this keeps some industries going producing war materials, and also reduces the numbers of people needing jobs, since they are being killed off. all through history, ours included the only thing that pulls countries out of depressions is wars.

Answer 3

If you look at history, you might find that the gas prices will take us into a Recession, but not a Depression. Further, after the horror that was cause during the Great Depression, fail safes have been put in place so it can't happen as bad again.

Answer 4

Gasoline prices are not so high that people can't afford it. It's significantly higher in Europe, and people there are doing just fine. Inflation is actually pretty low overall. The economy is doing fine. Also, prices usually go down during depressions.

Answer 5

Are you kidding? We have a strong economy. Depressions follow recessions & recessions follow slow downs.
We have not even gotten to the slow down yet.
If inflation were factored into 1970 gas prices, they should be around $3.95 a gallon - I paid $3.02 this morning so gas is not high by inflation standards just bt whiners' standards.

No where near a depression - basic economics.

Answer 6

No, that's called price gauging. A depression is when prices go down because nobody has jobs to make the money to buy anything - salaries also go down - the dollar value of almost everything goes down in a depression.

It's how we eliminate all these million dollar salaries for people with little more talent than the rest of us.

Answer 7

there is not going to be another depression. We have learned from the past. Just because prices go up, doesn't mean there's going to be a societal catastrophy. Prices may have been going up, but so has the minimun wage, available jobs, and economic research.

Answer 8

When you can't pay your taxes, that's a Depression.
GET A JOB. GO TO WORK. MAKE MONEY.
This is the Greatest Economy in the History of the Nation, thanks to Bush and his TAX CUTS.
We Working People are doing Great, unless we are "blowing our money."
(Some do.)

Democrats want to cause a Recession and/or a Depression, but so far, our Economy is so good they have Failed.
THEY WILL GET US IN 2009. We are soooo f*****.

Answer 9

My history instructor in college once said, "Depression is when you don't have a job and I don't have one either."

Unemployment levels are falling, not rising.

Perhaps you could benefit from a college education.

Answer 10

It's called inflation.