I am currently unemployed. I think it has to do with the recession.
whats a recession?
It is when the economy usually experiences a relatively high unemployment rate.
is it related to inflation?
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time, they are not really related.
do you know about the great depression of the 1940s?
Great Depression
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how intensely the world's economy can decline.
The Great Depression started in the United States after
Inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money a loss of real value in the medium of exchange and unit of account within the economy. The measure of inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer