Definitions for Great Depression
great depres·sion

Princeton's WordNetRate this definition:3.8 / 5 votes

1. Great Depressionnoun

   the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s

2. Depression, Great Depressionnoun

   a period during the 1930s when there was a worldwide economic depression and mass unemployment

WiktionaryRate this definition:2.3 / 4 votes

1. Great Depressionnoun

   A major economic collapse that lasted from 1929 to 1940 in the US and a similar period in many other countries.

WikipediaRate this definition:3.3 / 3 votes

1. Great Depression

   The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how intensely the world's economy can decline.The Great Depression started in the United States after a major fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries the negative effects of the Great Depression lasted until the beginning of World War II.The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries rose as high as 33%.Cities around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming communities and rural areas suffered as crop prices fell by about 60%. Facing plummeting demand with few alternative sources of jobs, areas dependent on primary sector industries such as mining and logging suffered the most.

WikidataRate this definition:1.3 / 3 votes

1. Great Depression

   The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. It was the longest, most widespread, and deepest depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression originated in the U.S., after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929. The Great Depression had devastating effects in countries rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most.

Editors ContributionRate this definition:0.0 / 0 votes

1. Great Depressionnoun

   According tNouriel Roubini, economist, known as "Dr. Doom" for his accurate predictions of financial/economic crises, it's what happened 90 years ago, and will begin about 2025, only worse. Check it out...

   cc: the one you already have--it'll suffice..

   Etymology: great=i guess, Latin, like "gravitas"??///depression=Latin, as a place, etc., that is below a higher place...from affix de + press=apply force against + ion=I don't know...

   
   

   Submitted by sambergkenneth on January 7, 2022  

Matched Categories

1. • Depression
   • Historic Period

How to pronounce Great Depression?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Great Depression in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Great Depression in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of Great Depression in Pythagorean Numerology is: 4

Examples of Great Depression in a Sentence

1. Troy Gayeski:

   Another Great Depression scenario is hard to see.

2. Bernie Sanders:

   We probably have more serious problems than any time since the Great Depression.

3. Mayor Bill de Blasio:

   This is going to be the greatest crisis domestically since the Great Depression, this is why we need a full-scale mobilization of the American military.

4. Ben Sasse:

   This is dumb. Europe, Canada, and Mexico are not China, and you don't treat allies the same way you treat opponents. We've been down this road before -- blanket protectionism is a big part of why America had a Great Depression. ' Make America Great Again' shouldn't mean' Make America 1929 Again,' bad news that @POTUS has decided to impose taxes on American consumers buying steel and aluminum from our closest allies -- Canada, the EU, and Mexico( with whom we run a trade surplus on steel). In addition to higher prices, these tariffs invite retaliation.

5. Stephen Mihm:

   When we think about the changes that the pandemic has brought in our lives in the past year, there's a tendency to view this as exceptional or unprecedented, where, in fact, there have been previous times where Americans have found themselves with an unexpected amount of time on their hands, the best analogy, really, is the Great Depression.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=Great Depression
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Great_Depression
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Great_Depression
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=Great Depression