Depression

What Does Depression Mean?
A severe and prolonged recession characterized by inefficient economic productivity, high unemployment and falling price levels.

Investopedia explains Depression
In times of depression, consumers' confidence and investments decrease, causing the economy to shut down. The classic example of this occurred in the 1930s, when the Great Depression shook the global economy.

Filed Under: Economics, Recession

Related Terms

Black Thursday
Contraction
Deflation
Economic Collapse
Emergency Banking Act Of 1933
Graveyard Market
Great Depression
The Great Recession
More Related Terms

Related Links

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