What Is a Depression?

Since 19 80, there have been five recessions in the us. And they typically last between eight and 18 months. A depression is something worse than a recession, but it's not as precisely defined. It can involve a specific amou t that the economy shrinks rather than how long the period of the shrinkage is. The current american president was herbert hoover, and he had been sworn into office in march of 19 29,. He was a republican, which at the time, meant that he was closely identified with big business and wall street types. This was a major re alining election. Political scientists say that f d r's 19 32 election was the beginning of