Meaning of Great Depression | Babel Free

Definitions

A major economic collapse characterized by mass unemployment and limited business activity that lasted from 1929 to 1940 in the US and a similar period in many other countries.

historical

Equivalents

Examples

“For the first time since the Great Depression, median family income has fallen substantially over an entire decade. Income grew slowly through most of the last decade, except at the top of the distribution, before falling sharply when the financial crisis began.”

CEFR level