Great Depression Definition

noun
The period of declining and lower economic activity in the worldwide economy from the late 1920s through the 1930s. In the United States, it began with the stock market crash in October 1929 and was characterized by a decline in business activity into 1933.
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Synonyms:
pronoun
(economics, business, finance) A major economic collapse that lasted from 1929 to 1940 in the US and a similar period in many other countries.
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Great Depression Sentence Examples

  • The town suffered from the Great Depression but remained relatively prosperous.

  • A severe drought, affecting almost the entire colony for several years, caused great depression of trade, and many farmers suffered severely.

  • Japan is now caught in the same sort of deflationary spiral which gripped the world economy during the Great Depression of the 1930s.

  • The year 1890 was one of great depression following the exhaustion of the surface ore, but the provision of better machinery and cheaper coal led to a revival in 1891.

  • It runs through a continuous forest at the bottom of the great depression lying between the Madeira river, which skirts the edge of the Brazilian sandstone plateau, and the Ucayali which hugs the base of the Andes.

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