Great Depression Definition

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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Great Depression is ...
... part of the Economy subject.

Related Terms

Black Tuesday - More

Banking Act of 1933 - More

bear market - More

Crash of 1929, Federal Deposit Insurance Corporation, Black Thursday, bailout

Great Depression appears in the definitions of these other terms on BusinessDictionary.com

Keynesian economics, laissez-faire economics, General Agreement on Tariff and Trade (GATT), Black Mondays, depression, and