Recession or Depression

https://mrdevinney.com/recession-or-depression/

There’s nothing different between the two. Economic realities have changed over the years due to sensitivities. First it was a panic. Then the panic was so severe they came up with a new name to describe it. Depression sounded too scary, so they started using another name. All three words describe the same thing. Every single time the credit is expanded, a drop will follow. If the expansion is severe, the drop will be severe.