depression - Economic Depression
The Depression was aggravated by poor monetary policy. Instead of pumping money into the economy, and increasing the money supply, the Fed allowed the money supply to fall 30%. The “New Deal” created many government programs to end the Depression, but government programs alone could not end it. Unemployment remained in the double-digits until 1941, when the U.S. entry into World War II
created defense-related jobs. Read more
Major Depression and other Unipolar Depressions
Depression is one of the most common health conditions in the world. Depression isn’t a weakness, nor is it something that you can simply “snap out of.” Depression, formally called major depression, major depressive disorder or clinical depression, is a medical illness that involves the mind and body. It affects how you think and behave and can cause a variety of emotional and physical problems. You may not be able to go about your usual daily activities, and depression may make you feel as if life just isn’t worth living anymore. Read more
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