great depression

English - Turkish

Definition of great depression in English Turkish dictionary: (Elektrik, Elektronik) Büyük Buhran; (Ekonomi) Büyük Buhran: 1929'da ABD'de başlayan ve 1930'lar boyunca dünyanın büyük bir bölümünde etkili olan ekonomik kriz
great sadness or depression; gloom: büyük üzüntü ya da depresyon; kasvet

English - English

Definition of great depression in English English dictionary: A major economic collapse that lasted from 1929 to 1940 in the US and a similar period in many other countries; The economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s; the severe economic problems that followed the Wall Street Crash of 1929. In the early 1930s, many banks and businesses failed, and millions of people lost their jobs in the US and in the UK and the rest of Europe. or Depression of 1929 Longest and most severe economic depression ever experienced by the Western world. It began in the U.S. with the New York Stock Market Crash of 1929 and lasted until about 1939. By late 1932 stock values had dropped to about 20% of their previous value, and by 1933 11,000 of the U.S.'s 25,000 banks had failed. This led to much-reduced levels of demand and hence of production, resulting in high unemployment (by 1932, 25-30%). Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial collapse led to collapses of other economies, especially those of Germany and Britain. Nations sought to protect domestic production by imposing tariffs and quotas, reducing the value of international trade by more than half by 1932. The Great Depression contributed to political upheaval. It led to the election of Franklin Roosevelt in the U.S. and major changes in the structure of the U.S. economy brought about by his New Deal. It directly contributed to Adolf Hitler's rise to power in Germany in 1933 and to political extremism in other countries. Before the Great Depression, governments relied on impersonal market forces to achieve economic correction; afterward, government action came to assume a principal role in ensuring economic stability; a time in the united States during the 1930s when the economy was so poor that many people were unemployed; A period of about 10 years, beginning in October 1929, during which many people lost their jobs and many companies went out of business throughout the world Desperate unemployed workers took their families on the road to look for work (Photo credit: Library of Congress , Prints & Photographs Division, FSA-OWI Collection, LC-USF34-009749-E DLC) Today, people who lived through the Great Depression still remember the daily hardship Here is a detailed summary of the period; The world-wide economic hard times, which began after the stock market collapse on October 28, 1929, and continued through most of the 1930s Even the Great Depression didn't stop the long-term upward trend of stock prices and earnings If in 1929 you'd invested $100 in the S&P 500, you'd be sitting on $83,000 in 1999 (assuming you reinvested all the dividends ) See "The Odds Are in Your Favor " BACK TO TOP; A period of global economic crisis that lasted from 1929 to1939 There was widespread poverty and high unemployment On Prince Edward Island the potato industry suffered from a lack of lucrative markets in which to sell potatoes
The Great Depression: {i} severe economic slump that occurred in the United States during the 1930s (sparked by the major stock market crash on October 29, 1929)