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RECESSION. A re-grant: the act of returning the title of a country to a government which formerly held it, by one which has it at the time; as the recession of Louisiana, which took place by the treaty between France and Spain, of October 1, 1800. See 2 White's Coll. 516.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The records cover the years 1899-1934, which includes the First World <BWar, the 1926 General Strike and the economic depression of the 1930s
"Spain and Greece are in an economic depression with no hope for a recovery.
This has been a big change from a year ago, when some analysts worried that the looming shadow inventory would keep the housing sector mired in an economic depression. Instead, the housing market is healing, is contributing positively to [gross domestic product] and is returning to its traditional role of supporting the economic recovery."
"They've become more de-sensitized to economic depression or determined not to let it dampen Britain's favourite holiday."
Tata led the $ 100 billion Indian conglomerate to acquire the luxury car maker Jaguar and Land Rover from Ford Motor Co in 2008 for $ 2.5 billion ahead of a global economic depression. Tata continued investments on new products that has helped Tata Motors increase profits on growing demand for the luxury car brands in emerging markets, after the company revived the ailing British auto maker.
CEPD officials said that the launch of U.S.'s QE3 (3rd round of quantitative easing) and EU's newest ESM (European Stability Mechanism) seems to have cast a ray of hopes for the world to see an end of the lingering EU debt, which has been one of major negative factors to the global economy, especially when more EU member nations are dragged in the problem to suffer widespread economic depression seen in the bloc.
Because of this prediction, humility should have receded in our young populations since the economic depression of 2007.
"If the EU is not more flexible with Greece in terms of its austerity measures, it will perpetuate economic depression in the country, which will then have to leave the euro zone.
Designed and constructed during the 1930s in the midst of an unprecedented economic depression, this graceful and elegant Art Deco structure soon captured the imagination of local residents, and when the bridge was formally opened on May 27, 1937, up to 200,000 of them clamored to cross the span.
If anyone entered the hall suffering from economic depression, they must have left feeling uplifted after this remarkable display of pride in Britain...
There will be no money left for the newly unemployed when this economic depression gets deeper.
As the story is partly set in the 1890s, it's the time of a serious economic depression as well as being prior to the Federation of Australia --and the story throws up some interesting elements about these issues.

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