Definitions for Great Depression
Great De·pres·sion

Princeton's WordNet(4.25 / 4 votes)Rate this definition:

1. Great Depression(noun)

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

2. Depression, Great Depression(noun)

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

Wiktionary(2.33 / 3 votes)Rate this definition:

1. Great Depression(ProperNoun)

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

Wikipedia(4.50 / 2 votes)Rate this definition:

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(1.50 / 2 votes)Rate this definition:

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.

How to pronounce Great Depression?

1. 

   Alex

   US English

   

   Daniel

   British

   

   Karen

   Australian

   

   Veena

   Indian

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. 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.

2. Ferris Bueller's Day Off:

   Economics Teacher In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone Anyone... the Great Depression, passed the... Anyone Anyone The tariff bill The Hawley-Smoot Tariff Act Which, anyone Raised or lowered... raised tariffs, in an effort to collect more revenue for the federal government. Did it work Anyone Anyone know the effects It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is Class Anyone Anyone Anyone seen this before The Laffer Curve. Anyone know what this says It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980 Anyone Something-d-o-o economics. Voodoo economics.

3. 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.

4. 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.

5. 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.

Images & Illustrations of Great Depression