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.
The worldwide economic crisis known as the Great Depression can be traced back to the economic and political problems which followed World War I. While the Great Depression tended to affect most countries in a similar way, the factors which caused the economic slump in each country were slightly different. This chapter discusses the causes and impact that the Great Depression had on three prominent European countries: Britain, Germany and France.