Great Depression
Definition
Worldwide economic collapse following the stock market crash in 1929, in which unemployment remained high for an extended period and many businesses failed.
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Related Terms
Black Tuesday, Banking Act of 1933, bear market, Crash of 1929
'Great Depression
' appears in the definitions of these terms on BusinessDictionary.com Keynesian economics, laissez-faire economics, General Agreement on Tariff and Trade (GATT), Glass-Steagall Act, Black Mondays, and
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