GREAT DEPRESSION Definition & Meaning

Great Depression

noun

the economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock-market crash in October, 1929, and continuing through most of the 1930s.

Depression, Great

The great slowdown in the American economy, the worst in the country's history, which began in 1929 and lasted until the early 1940s. Many banks and businesses failed, and millions of people lost their jobs. (See Dust Bowl; fireside chats; Hoovervilles; New Deal; Okies; Franklin D. Roosevelt; and stock market Crash of 1929.)

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Example Sentences

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"It's not normal for the president of the United States to make such an enormous power grab and start the biggest trade war since the Great Depression," he said.

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"No other previous bill, no other previous law, no other previous event caused so many millions of Americans to lose their healthcare. Not even the Great Depression," Pennsylvania Democrat Brendan Boyle said.

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Orwell narrowed it down to the Edwardian era — 1901 to 1919 — long before the irruptions of two world wars and the Great Depression.

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The Los Angeles native, born in the midst of the Great Depression, was a devoted movie fan.

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One in five civilizations succeeds in such a reversal, as the U.S. during the Great Depression.

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When and what was the Great Depression?

The Great Depression was a worldwide economic crisis that lasted for much of the 1930s. It heavily impacted the United States, where millions of people faced unemployment, homelessness, and poverty.In economics, a depression is a period during which business, employment, and stock market values fall to very low levels for a significant amount of time (typically more than three years). The Great in Great Depression refers to the fact that it was the worst depression in U.S. history.The start of the Great Depression is often cited as the U.S. stock market crash of 1929, but its causes are complex. Its effects were also complex and widespread and are still discussed. Some can even be seen today in the form of government programs and agencies created to address the crisis at the time.

great deal Great Divide

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