Disadvantages. An employment contract is not a one-way street. The contract binds both you and the employee, so it limits your flexibility. This may pose a problem if you later decide that you don't like the contract terms or the needs of your business change.
About the Great Depression. The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world.
Timelines Of The Great Depression. The Great Depression and its effects lasted more than a decade, from 1929 until 1941. Click here for more facts about timelines of the Great Depression. Following are some of the key dates in the timeline of the Great Depression: October 29, 1929: Stock market crashed, Black Tuesday. 1930: Severe drought and Dust Bowl conditions began to ruin farmersâ land, a condition that lasted until 1935.