Great Depression

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Great Depression

the DEPRESSION that was experienced by many countries in the decade 1929–39. The Great Depression was associated with very high UNEMPLOYMENT levels and low production and INVESTMENT levels in North America and Europe, and with falling levels of INTERNATIONAL TRADE.
References in periodicals archive ?
JB Priestley wrote about his visit to the town | The Great Slump saw the closure of Palmers Shipbuilding and Iron Company - the main |source of employment in Jarrow - following a collapse in demand and orders due to the depression, which prompted The Jarrow March three years of hardship later The book by Priestley, below |
Zahid Maqbool said energy shortage was the key reason which caused great slump in trade & industrial activities closing many industries and giving rise to unemployment & poverty in the country.
IN the Great Slump self-reinvention stakes, the two most popular choices for alternative employment have been to take up taxi driving or landscape gardening.
Ramsay Mac was the Labour Prime Minister who joined a national government with the Tories in 1931 during the Great Slump, a decision that still rankles today.

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