Question

During the Great Depression, what were the positives and negatives for people when the economy hits a trough?

Answer 1

Positives- “The New Deal” or the creation of an expansive safety net that helped(and still helps)

Negative- the Great Depression worldwide from 1929 through 1939

Answer 2

A trough is a low turning point or a local minimum of a business cycle. The time evolution of many variables of economics exhibit a wave like behaviour with local maxima (peaks) followed by local minima (troughs). A business cycle may be defined as the period between two consecutive peaks.