A political cartoon shows Mikhail Gorbachev standing at a very large hammer and sickle symbol that is broken up on the ground. What do the symbols of the hammer and the sickle represent?

Who is the man in this image?

What event does this cartoon symbolize?

In financial aspects, a depression is a sustained, long haul downturn in monetary movement in one or more economies. it is a more extreme monetary downturn than a recession, which is a slowdown in financial action through the span of a typical business cycle. a depression is an irregular and extreme type of recession. so depression is always followed by recession but it is not correct to state that a depression always follow a recession.