Compared to previous economic downturns, this recession lasted longer and had deeper impact on employment.
Many believes these unemployment all dues to the capability of other's country to give more workers at the cheaper prices, making United states couldn't compete in the labor market
The name of the B-52 bomber was the Bockscar.
Adam Smith was one of the first economists to explain the benefits one gets from specialization. He focused on describing the benefits of individuals specializing in labor. In An Inquiry into the Nature and Causes of the Wealth of Nations<span> (1776), he describes the benefits of one type of specialization, </span>division of labor<span>, which is when cooperating individuals perform specialized tasks. Smith discusses this type of specialization in context of a pin factory.</span>
