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Great Depression
(redirected from Depression of 1929)

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Noun1.Great Depression - the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930sGreat Depression - the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
2.Great Depression - a period during the 1930s when there was a worldwide economic depression and mass unemployment


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15 last year, a development which threw the world economy into the biggest crisis since the Great Depression of 1929 in the United States.
A common feature of all financial crises that the world has faced over the last 371 years, from the Tulip market slump in 1637 to the Great Depression of 1929 to current crisis, is the collapse of some of the strongest companies that enjoyed meteoric rise in the good times,' said MTI Consulting chief executive officer Hilmy Cader.
This view draws on the 'Austrian' theory of booms and slumps, and also Milton Friedman's explanation of the Great Depression of 1929.
 
 
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