Recessions are mostly caused by economic shocks. The greatest, worldwide recession that humanity has ever experienced was the Great Depression (late 1920s and 1930s); other notable recessions include the [Oil Crisis]? in the 1970s.
Q: Can someone please answer this question. Money cannot be created or destroyed. So what happens to all the money during a recession. Suppose you have 250 million people living in a huge hall and there is a recession in the hall, no money went into or left the hall. So where did all the money go?