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Preferred term

Great Depression  

Definition

  • The Great Depression was a severe downfall in the economy of the United States, beginning in 1929, and lasting until World War II. The menace of the Great Depression initially caught the economies of the United States and the European countries, and later its effects were felt across the globe. The time of economic depression varies from one country to the other, but it proved to be the greatest economic crisis of the 20th century. [Source: The SAGE Encyclopedia of World Poverty; Great Depression]

Belongs to group

Date

  • 1929-1939

URI

https://concepts.sagepub.com/social-science/concept/Great_Depression

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