The Great Depression/Recession

Throughout our nation's history, there have been many flaws in our governmental system that have been exposed over the years. These exposures have been dubbed the name "recessions" as in the decline in the governments economic or political power due to such a flaw. The Great Depression was by far the worst of these with over 50% of the banks failing and over 25% unemployment. Since then, similar situations have been put into effect such as the Great recession however none of them have ever been as bad.

One fact that I personally learned and did not realize before is that these recessions actually had a global impact. Not only was the economy of America in a rapid decline, but this also had repercussions around the globe.