The Great Lockdown: Could This Cause The Worst Economic Downturn Since the Great Depression

The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939… By 1933, when the Great Depression reached its lowest point, some 18 million Americans were unemployed and nearly three-quarters of the country’s banks had failed.

Given the current crisis and endless printing policies, could we expect another great depression? One thing for certain, this current crisis is like no other, and there is substantial uncertainty about its impact on people’s lives and livelihoods.

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