According to the phenomenon, people are most likely to recall information in environments that are similar to those in which they initially learned it.

According to the encoding specificity phenomenon, people are most likely to recall information in environments that are similar to those in which they initially learned it.

Using this principle, it allows us to see and understand how contextual information affects memory in others. Information is often improved when there is relatable information/environments for that person to recall information from present. 

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.