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The US has endured 10 recessions since WWII. The last was in March of 1991. The ten years following that had been the longest period of expansion in history. We all hope that the recession we are currently in will eventually lead to a long period of expansion. All good things come to an end and that is exactly what has happened here.
You may be asking yourself, what exactly a recession is. Well, there are many definitions but the one that was the easiest to understand was online on Encyclopedia Britannica's website. It is defined as a downward trend in the business cycle characterized by a decline in the production and employment, which in turn causes incomes and spending of households to decline...
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