If you're referring to the Great Depression, after the stock market crash, many banks lost money and closed. If you're referring to the recent recession, they lost money and became government-run.
The only President during world war 2 was Franklin D Roosevelt, but after he died his vice pres took over. But that might be what they’re referring to- just put Franklin.
Answer:
Recession is determined by using an old rule of thumb that says a recession occurs any time you have two consecutive quarters of negative Gross Domestic Product (GDP) growth.
Explanation:
