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__**Economic Collapse **__



=Many people have varying views of what distinguishes a recession from a depression. A recession is an economic decline in the Gross National Product (GNP) and employment and trade lasting from six months to a year. A depression, however, is when the GNP declines by 10% or more within a year’s time. Throughout American history, the economy has drastically risen and dropped numerous times, arousing uncertainty and concern among Americans. The country has had its fair share of economic declines, and, here you can see the many recessions and depressions we have experienced. = = =