Question

what do you mean by the great economic depression

Answer 1

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In October of 1929, the United States stock market began a steep decline that signaled the beginning of a longeconomic downturn known as theGreat Depression. ... As for the Great Depression, the term refers to the years from roughly 1930 to 1939 when the United States economy contracted.


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Answer 2

The Great Depression of 1929 was an economic depression that affected the entire world. It began in the United States with a stock market crash that occurred in October of 1929...

In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle. A depression is an unusual and extreme form of recession...

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