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.

ChatGPTRate this definition:0.0 / 0 votes

1. great depression

   The Great Depression was a severe, worldwide economic crisis that occurred during the 1930s. It originated in the United States in 1929, after a major fall in stock prices, leading to the stock market crash known as "Black Tuesday." This event caused a profound impact on virtually all countries and led to widespread unemployment, impoverishment, loss of businesses, and significant drops in GDP. The depression lasted for about a decade and only ended with the onset of World War II. It is considered the most severe economic downturn in the history of the industrialized world.

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. Bernie Sanders:

   Wall Street's greed and recklessness and illegal behavior drove this economy into the worst recession since the Great Depression. Millions of people lost their homes, their life savings, and their jobs. And, yes, I believe that we have to break up the major financial institutions. We have to re-establish Glass-Stegall.

2. Rey Del Rio/Getty Images:

   [Americans] come back to always having that hope, no matter how difficult it is since the birth of our nation. Whether it was the Civil War, World War I, the Great Depression, World War II, an assassination decade of the '60s, or 9/11, we always had hope and we had presidents who inspired us, americans do not cower, whether it's the Nazis or the terrorists or the China virus. We have hope. We have strength. And when you have hope and strength, you have peace. But this president doesn't know what hope is.

3. Bill Gross:

   Cash or better yet' near cash' such as 1-2 year corporate bonds are my best idea of appropriate risks/reward investments, the reward is not much, but as Will Rogers once said during the Great Depression -.

4. 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.

5. Troy Gayeski:

   Another Great Depression scenario is hard to see.

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. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=great depression