Cartoon showing Cyrus Field, Jay Gould, Cornelius Vanderbilt, and Russell Sage, seated on bags of "millions", on large raft, and being carried by workers of various professions.
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what a depression is?
- The best general definition is - а period of time
- when most people’s standard of living drops significantly.
By that definition, the Greater Depression started in 2008
although historians may someday say it began in 1971, when real wages started falling
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http://thecrux.com/doug-casey-what-you-need-to-know-about-the-coming-greater-depression/