In the 19th century, collective bargaining was carried out between what two groups?

Government and unions 2)employers and employees 3)communists and capitalists 4)political and finanacial leaders

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.