Economic Depression (What It Is and How It Works)

Economic depression is a term frequently heard in the news and an event read about in history class. But what exactly is it? Supporting financial literacy in school and in life, this text breaks down the complicated concept of economic depression into language readers can understand. They will learn how a depression starts, what causes it, how an economy can recover from it, if one is likely in the future, and how an economic depression can affect them directly.