Double Dip during the Great Depression

The Great Depression consisted of two major economic dips. The first occurred from august 1929 through March 1933. The second economic decline, known as “Roosevelt’s Recession,” occurred from May 1937 through June 1938.

Although the American economy is on the rebound – or at least some statistics say so – the current oil crisis, the length of unemployment and the state of the federal government’s budget crisis, we are still at risk for a Double Dip.