depression

depression
Period when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unemployment problems, and economic contraction. Bloomberg Financial Dictionary

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depression de‧pres‧sion [dɪˈpreʆn] noun [countable, uncountable]
1. ECONOMICS a long period of time during which there is very little business activity and a lot of people do not have jobs:

• The current economic depression can be turned around if companies can be persuaded to invest in the industry.

• The nation as a whole was suffering from a period of deep depression following a boom which had peaked six or seven years before.

— compare recession
2. the (Great) Depression the period from 1929 to 1934 during which economic activity was very low and unemployment reached very high levels in the US and Europe:

• The American silk market collapsed in 1929/​30 following the onset of the Great Depression.

• Commodity prices were at their lowest since the Great Depression.

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depression UK US /dɪˈpreʃən/ noun [C or U] ECONOMICS
a recession (= time of low economic activity, when investments lose value, businesses fail and people lose their jobs) that lasts for a long period of time, usually several years: plunge/slide into depression »

The Thirties saw the world plunge into depression.

»

The Wall Street Crash of 1929 brought severe economic depression and hardship to Canada.

»

This was a period of deep depression.

»

For most of the 20th century, economists focused on understanding and controlling inflation and depressions.

»

New mines are being developed and old mines reopened, lifting communities across Northern Nevada out of the depression left by the industry's last crash.

Compare BOOM(Cf. ↑boom), RECESSION(Cf. ↑recession), SLUMP(Cf. ↑slump)
the Depression — Cf. the Depression
See Note RECESSION(Cf. ↑recession)

Financial and business terms. 2012.

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Synonyms:

Look at other dictionaries:

  • Depression — Depression …   Deutsch Wörterbuch

  • dépression — [ depresjɔ̃ ] n. f. • 1314; lat. depressio « enfoncement », de depressus, p. p. de deprimere → déprimer 1 ♦ Abaissement, enfoncement (produit par une pression de haut en bas ou par toute autre cause). ⇒ affaissement. La légère dépression d un… …   Encyclopédie Universelle

  • depression — depression, clinical depression Mental states characterized by feelings of sadness, hopelessness, and loss of interest, experienced by most individuals. They are deemed clinical (that is a mental illness ) if they are persistent, severe, and out… …   Dictionary of sociology

  • Depression — or depress(ed) may refer to: Medicine Depression (mood), a state of low mood and aversion to activity Mood disorder, a class of mental illnesses featuring depressed mood Major depressive disorder, one of the mood disorders, commonly referred to… …   Wikipedia

  • Depression — Dépression Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom …   Wikipédia en Français

  • Depression — De*pres sion, n. [L. depressio: cf. F. d[ e]pression.] 1. The act of depressing. [1913 Webster] 2. The state of being depressed; a sinking. [1913 Webster] 3. A falling in of the surface; a sinking below its true place; a cavity or hollow; as,… …   The Collaborative International Dictionary of English

  • Depression — Sf Niedergeschlagenheit; wirtschaftlicher Rückgang erw. fach. (16. Jh.) Entlehnung. Entlehnt aus frz. dépression, eigentlich Niederdrückung, Senkung , dieses aus l. dēpressio ( ōnis), einer Ableitung von l. dēprimere (dēpressum) niederdrücken,… …   Etymologisches Wörterbuch der deutschen sprache

  • depression — late 14c. as a term in astronomy, from O.Fr. depression (14c.) or directly from L. depressionem (nom. depressio), noun of action from pp. stem of deprimere to press down, depress (see DEPRESS (Cf. depress)). Attested from 1650s in the literal… …   Etymology dictionary

  • depression — [dē presh′ən, dipresh′ən] n. [ME depressioun < OFr depression < L depressio: see DEPRESS] 1. a depressing or being depressed 2. a depressed part or place; hollow or low place on a surface 3. low spirits; gloominess; dejection; sadness 4. a… …   English World dictionary

  • depression — [n1] low spirits; despair abasement, abjection, abjectness, blahs*, bleakness, blue funk*, bummer, cheerlessness, dejection, desolation, desperation, despondency, disconsolation, discouragement, dispiritedness, distress, dole, dolefulness, dolor …   New thesaurus

  • depression — I noun debasement, decline, deflation, dejection, depreciation, despondence, despondency, disheartenment, dispiritedness, dolefulness, economic decline, gloom, lowering, lowness, maeror, sinking, slump, tristitia associated concepts: economic… …   Law dictionary

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