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What are the standards for our economy to be labeled “in a depression?”?

I seem to recall from high school economy that there had to be a certain percentage unemployed and a certain amount of inflation or something. Does anyone know the official standards? I have been thinking about lately and feel inadequate when talking with other people about the economy until I know for sure. Thanks!

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How did the economy cycle work during the great depression?!?

(How did the economy cycle work during the great depression?) I am writing an essay on the economy cycle during the Great Depression and was wondering these things: *Explain how the economy works as a cycle. *Describe how both a flourishing and a failing economy follows a cycle. *What types of events could cause a break in a successful [...]

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how did the economy cycle work during the great depression?

I am writing an essay on the economy cycle during the Great Depression and was wondering these things: *Explain how the economy works as a cycle. *Describe how both a flourishing and a failing economy follows a cycle. *What types of events could cause a break in a successful economy, causing an economy to fail? Response would be [...]

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Graph of historic financial collapses

Four bad bear markets and comparison of historic financial collpases. Interesting picture.

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United States Government Asks For 300 BILLION Dollars From The Arabs

Four Arabic Gulf States were asked by the United States government for about $300 BILLION dollars in order to ease the global financial meltdown. Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dollars, Qatar for 60 billion dollars and was seeking 40 billion dollars from Kuwait. What is [...]

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