| Summary/Abstract |
IN EARLY JUNE 2020, The National Bureau of Economic Research (New York), which is responsible for monitoring developmental cycles in the American economy, made the announcement that February 2020 had marked a peak in the American economy's latest climb, which began in June 2009 and continued for more than 10.5 years (128 months). This stretch of the American economy's growth has been the longest since such cycles started being observed and studied in 1854 [1]. Then, beginning in March 2020, primarily as a result of the coronavirus epidemic, the U.S. economy began a precipitous slide into economic crisis. And the first outcomes of the American economy's slide to the bottom immediately brought to mind the Great Depression of 1929-1939, because such indicators have not been marked since the end of World War II in the mid-1940s.
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