What does Great Depression mean?

Definitions for Great Depression
great depres·sion

Here are all the possible meanings and translations of the word Great Depression.

Princeton's WordNet

  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

Wiktionary

  1. Great Depressionnoun

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

Wikipedia

  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.

Freebase

  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 Contribution

  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  

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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. Jason Furman:

    He was a key contributor to the economic team as the country was fighting the worst recession since the Great Depression and will bring his keen analytical skills to helping to continue to strengthen the economy.

  2. Barack Hussein Obama:

    It is something we were aware of in 2008 and we wanted to do more about, but the first thing was putting out a big fire to make sure we didn't have a great depression.

  3. 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.

  4. Mayor Ed Murray:

    We are involved in a homeless crisis. The like we have not seen since the Great Depression, no city in American can deal with this (by themselves).

  5. Kevin Hassett:

    I'm not saying we're going to have a Great Depression, but I am saying prepare yourself, gDP tomorrow will probably be a negative number and that will be the tip of the iceberg of a few months of negative news that's unlike anything you've ever seen.


Translations for Great Depression

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