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The New Year's Recession is called a recession because the Treasury never dipped below 2000 gold, the emergency partition level at the time(which would require a 3/4th's house vote to take from). For a large, usually prolonged decrease in the bank to be considered a depression, it would either need to dip below the emergency partition level, or if it was before the Bank Emergency Partition Act was signed, dip to a critical level where the nation would've gone bankrupt within a month of minimum spending levels. | The New Year's Recession is called a recession because the Treasury never dipped below 2000 gold, the emergency partition level at the time(which would require a 3/4th's house vote to take from). For a large, usually prolonged decrease in the bank to be considered a depression, it would either need to dip below the emergency partition level, or if it was before the Bank Emergency Partition Act was signed, dip to a critical level where the nation would've gone bankrupt within a month of minimum spending levels. | ||
=== Emerald Miracle === | |||