Definition Of The Great Depression

The timing of the great depression varied across the world.

Definition of the great depression. The great depression definition. This period is called the great depression. It was the longest deepest and most widespread depression of the 20th century. Definition of great depression.

In most countries it started in 1929 and lasted until the late 1930s. During the 1930s much of the world faced harsh economic conditions. The period of declining and lower economic activity in the worldwide economy from the late 1920s through the 1930s. And other countries roughly beginning with the stock market crash in october 1929 and continuing through most of 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. Worldwide economic collapse following the stock market crash in 1929 in which unemployment remained high for an extended period and many businesses failed. Great depression worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized western world sparking fundamental changes in economic institutions macroeconomic policy and economic theory.

The period of severe worldwide economic decline that began in 1929 and lasted throughout the 1930s and that was marked by deflation and widespread unemployment after the 1906 catastrophe demand for office space caused rents in the block to spike and insurance companies and steamship firms replaced artists and. Meaning pronunciation translations and examples. Many people were out of work hungry or homeless. Great depression definition the economic crisis and period of low business activity in the u s.

Stock market in 1929. The period of economic depression which began in 1929 and lasted through most of the. The great depression was a severe worldwide economic depression that took place mostly during the 1930s beginning in the united states. The great depression was a devastating and prolonged economic recession that followed the crash of the u s.