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Glossary Term: DEPRESSION

Definition(s) for DEPRESSION:


1. ) A severe downturn in an economy that is marked by falling prices, reduced purchasing power and high unemployment. The Great Depression began in 1929 and continued through most of the 1930s. But even depressions did not prevent the upward trend of stock prices and earnings.

2. ) A period marked by slackening activity or outright failure of businesses or banks, widespread unemployment, falling prices and wages, and general economic collapse


See Also:
GREAT DEPRESSION


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