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Depressions are sustained troughs in the business cycle characterized by declines in output, employment, income, and trade. While they date from the earliest years of American history, little is known about them from the Colonial Era. Before 1815, depressions were caused primarily by external economic forces such as wars or disasters. With capitalism, they became more pervasive. This article discusses the different depressions in American history that we have data about.
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business cycle, depressions, economic cycle, economic panic, financial depression, depression of 1839 -1843, depression of 1873-1879, depression of 1882-1885, depression of 1893-1896, depression of 1920-1921, great depression, great depression of 1930s, panic of 1819, panic of 1837, panic of 1857, depressions in american history, economic depression, business cycles
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- Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
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