Disadvantages. An employment contract is not a one-way street. The contract binds both you and the employee, so it limits your flexibility. This may pose a problem if you later decide that you don't like the contract terms or the needs of your business change.
About the Great Depression. The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world.
The Great Depression in Germany. Unemployed Berliners queue during the Great Depression. The Great Depression was a worldwide economic slump that began as an American crisis. The 1920s was a boom decade for American companies, which tallied up record production figures, ever-increasing sales and millions of dollars profit.