Great Depression


Definition of Great Depression

: the period of severe worldwide economic decline that began in 1929 and lasted throughout the 1930s and that was marked by deflation and widespread unemployment After the 1906 catastrophe, demand for office space caused rents in the Block to spike, and insurance companies and steamship firms replaced artists and writers. During the Great Depression, however, rents dropped again and the bohemians returned.— Gary Kamiya From 1937 to 1938, during the height of the Great Depression, the Farm Securities Administration briefly ran a migrant labor camp in the area.— Janet Balicki

First Known Use of Great Depression

1930, in the meaning defined above

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The first known use of Great Depression was in 1930

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Cite this Entry

“Great Depression.” Dictionary, Merriam-Webster, Accessed 9 Mar. 2021.

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